Building Ontario Fund

Overview

Building Ontario Fund is a Canadian institutional investor focusing on financing large-scale infrastructure projects in Ontario. The fund collaborates with trusted institutional investors and Indigenous partners to close financing gaps and enable priority infrastructure projects to move from vision to reality. Its mission is to unlock enduring public benefit through the design of innovative financing solutions with public, private, and Indigenous partners. The fund's vision is to enable impactful infrastructure investment for Ontario, aiming to build a stronger province for Ontario's quickly growing population and lay a strong foundation for future generations. The fund's investment strategy is guided by four core objectives: maintaining financial sustainability, unlocking and accelerating high-impact infrastructure, scaling public value through strategic partnerships, and enabling systemic change through innovation. It invests in high-impact projects across six priority areas: affordable housing, long-term care, energy, transportation, municipal and community infrastructure, and critical minerals. The fund provides investment support for the development of large-scale infrastructure, involving an investment of at least $100 million, or $50 million for projects that advance community and economic wellbeing for Indigenous communities. Building Ontario Fund is an arms-length, board-governed Crown agency enabled by the Building Ontario Fund Act, 2024. It operates with a focus on public benefit and adequately manages risks, ensuring that its investments are catalytic and enable infrastructure projects that would otherwise not be financeable by institutional investors alone. The fund evaluates proposals from qualified institutional investors, public sector entities, governments, or Indigenous communities, assessing them for suitability within its mandate. Its governance structure includes a Board of Directors composed of members appointed by the Lieutenant Governor in Council on the recommendation of the Minister of Finance, who have significant financial and infrastructure-related project expertise.