March 10, 2020

Community Futures Oxford invites entrepreneurs, businesses and non-profits to learn about the Future Oxford Legacy Fund


The fund awards money in two streams: Access to Capital and Community Development Support


Community Futures Oxford will hold information sessions this spring for entrepreneurs, businesses and non-profit groups that want to access loans or grants for sustainable projects through the Future Oxford Legacy Fund.

To apply, interested groups must have a sustainable business model and be seeking funding for a project that will support the goals in the Future Oxford Community Sustainability Plan. The fund awards money in two streams: Access to Capital and Community Development Support.

Access to Capital (loans)

The “Access to Capital” stream provides funding for entrepreneurial activities, with an emphasis on youth opportunities, arts and culture, tourism, high-tech manufacturing, and green technology. Successful applicants, including private businesses, can receive financing up to $100,000 through a repayable loan with flexible repayment terms. Community Futures Oxford administers the fund, and applications are accepted year-round.

In 2019, the Future Oxford Legacy Fund disbursed 175 thousand dollars in loans, leveraged over two million dollars in funding, and created or maintained 33 jobs.

Access to Capital Information Session

Tuesday, April 21, 2020
9:30 – 11:00 a.m.
Community Futures Oxford | Main Office
118 Oxford St. Ingersoll

Community Development Support (grants)

The “Community Development Support” stream offers non-repayable loans to not-for-profit initiatives that align with the Future Oxford Sustainability Plan.  Applications are accepted in two intakes, once in the spring, and again in the fall. Applications for the spring intake are due by May 31, 2020.

Last year, the Future Oxford Legacy Fund disbursed over seven thousand dollars in grants and leveraged over 55 thousand dollars in funding. Grants were used to reduce waste at outdoor events and festivals, to make arts and culture more accessible to youth, and to encourage residents to “buy local.”

Community Development Support Information Sessions

Thursday, March 26, 2020
9:30 – 11:00 a.m.
United Way of Oxford
447 Hunter St., Woodstock

Wednesday, April 7, 2020
9:30 - 11:00 a.m.
Community Futures Oxford | Satellite Office
30 Metcalf St., 2nd Floor, Woodstock

A multi-criteria assessment tool is used to determine if requests for funding and investment meet the goals, objectives and targets of the Future Oxford Community Sustainability Plan. The tool uses a weighted “sustainability scorecard” to assess or compare community, economy and environmental factors.

The Future Oxford Legacy Fund is a partnership between the Future Oxford Partnership, Community Futures Oxford and Oxford County.

Individuals or organizations interested in applying for funding through the Future Oxford Legacy Fund should visit www.cfoxford.ca to access the application. For more information about Future Oxford, visit www.futureoxford.ca.

Comments

Allan Simm, General Manager, Community Futures Oxford

"We are proud to be able to nurture and support local business and the sustainability of our community through the Future Oxford Legacy Fund. The fund allows us to support many types of business in our community that align with the three pillars identified in the Future Oxford Community Sustainability Plan, economy, community and environment."

Quick Facts

Sustainability is an approach to meeting the needs of the present without compromising the ability of future generations to meet their own. It takes into account the short and long-term ecological, social, and economic consequences of our actions and emphasizes both environmental and human wellbeing as essential ends in themselves. Oxford has adopted the lens of sustainability to create an integrated and practical approach to addressing challenges, including economic and social inequities, human health, ecosystem decline, and community development.

Social media and online content

www.futureoxford.ca
Twitter: Future Oxford
Facebook: Future Oxford
Twitter: Oxford County
Facebook: Oxford County
www.oxfordcounty.ca/speakup  
www.oxfordcounty.ca/newsroom

About Future Oxford

The Future Oxford: A Community Sustainability Plan sets out the community’s vision for how we will manage community, environmental and economic resources for Oxford County’s future growth and wellbeing. The Plan sets out 70 distinct actions to improve quality of life for Oxford's current and future generations. For more information and to read the Future Oxford Community Sustainability Plan online, visit www.futureoxford.ca.

Contact

Donna Kemp | Strategic Communication & Engagement
519.539.9800, ext. 3158 | dkemp@oxfordcounty.ca