LSRA Aerospace Development Fund

The Lake Simcoe Regional Airport (LSRA) Aerospace Development Fund is established on a three-year basis (2024-2026), with maximum funding of up to $100,000 per year (with unallocated funds to be rolled over to the next year). Grants up to 20% of eligible project costs to a maximum of $100,000 will be considered.

It provides funding support for manufacturing, flight operations (corporate charter/management/flight department), AMO (Aircraft Maintenance Organization), R&D and scheduled passenger service-related investment projects at the LSRA.

Eligible projects will attract private sector investment; develop the aerospace sector in Simcoe County; create jobs and build talent; lead to broad positive economic impacts; and encourage research and development, innovation and collaboration.