[ad_1]
\n<\/p>\n
TORONTO \u2014 Due mainly to the uncertainty surrounding tariffs, the Ontario government has announced it is expanding its Skills Development Fund (SDF) by nearly $1 billion over the next three years, for a total of $2.5 billion.<\/p>\n
The funding will go towards training and reskilling Ontario workers, including those directly impacted by layoffs resulting from tariffs, states a release.<\/p>\n
The money includes $705 million in new funding through the upcoming\u00a02025 Ontario Budget\u00a0to train more workers through the SDF Training Stream, building on\u00a0the additional $100 million announced<\/a>\u00a0in January.<\/p>\n Through the upcoming\u00a02025 Ontario Budget, the government is also providing $150 million over three years starting in 2025\u201326 to support increased demand in the SDF Capital Stream. This investment will help more organizations build, expand and retrofit their training facilities.<\/p>\n According to the release, more than 500,000 workers are expected to be needed to fill job openings in skilled trades-related occupations in Ontario over the next decade.<\/p>\n The SDF is comprised of two funding streams: the Training Stream, which supports hiring, training and upskilling programs for jobseekers, apprentices and workers; and the Capital Stream, which supports upgrades or construction of training centres for high-demand jobs in key sectors of Ontario\u2019s economy such as skilled trades.<\/p>\n<\/p><\/div>\n