The Ontario Cultural Attractions Fund (OCAF) was established in 1999. It has three aims: (1) to increase cultural tourism by providing investments to assist Ontario organizations to develop, promote and present one- off or first time events, or a significant expansion of existing activity, which are designed to attract new tourists and visitors to cultural events; (2) increase the earned revenue capability of the applicant organization; and (3) support events that foster economic growth and contribute to job creation.
OCAF achieves this by providing up front working capital directed towards the applicant’s marketing and promotional costs, with the investment taking the form of a partially repayable loan.
OCAF board decisions are informed by sound economic analysis and measurable results.
Since 1999, the Government of Ontario has invested $45.75 million in the Fund and the success of the initiatives in which OCAF has invested has led to a healthy replenishment of the Fund for future projects.