The OVCA Development Fund was set up following the 1979 Brier to support the development of curling in the Ottawa Valley. Fund capital came from the profits from the ‘79 and ’93 Briers.
Loans are made to assist with clubs’ capital projects such as replacing the roof over the ice surface, compressor replacement, header repairs or replacement and projects to reduce energy costs. Loans are often needed to meet emergency situations.
Income from the fund (interest, dividends etc.) and interest on outstanding loans to member clubs is used by the OVCA as operating revenue.
Clubs may apply for loans up to $50,000 at a rate of Royal Bank prime minus 1%. The OVCA Board of Administrators is the manager of this fund. Since its inception, approximately $1.2 million has been loaned to OVCA-member clubs under this program.