Canada's Regional Development Agencies: Support for businesses during COVID-19
On this page
- We are taking action
- Payment deferral
- Regional Relief and Recovery Fund
- Canadian Seafood Stabilization Fund
- Northern Business Relief Fund
- Contact your Regional Development Agency
We are taking action
The Government of Canada is taking action to support businesses and workers affected by the COVID-19 pandemic.
Canada's regional development agencies (RDA) are the front line for economic development in Canada and help to address key economic challenges by providing regionally tailored programs, services, knowledge and expertise.
A deferral of 6 months on all payments due to the government, as of April 1, 2020. This moratorium, applied by the RDAs, will defer payments and related interest charges to relieve some of the pressure businesses may be facing. RDAs are working with businesses that receive funding to formalize these deferrals into an amended repayment schedule. This will give businesses more certainty with respect to payment obligations.
Regional Relief and Recovery Fund
The Regional Relief and Recovery Fund (RRRF) helps businesses and organizations continue their operations, including paying their employees. It will also help support projects by businesses, organizations and communities to prepare now for a successful recovery.
This initiative, implemented by the six regional development agencies in collaboration with the national network of Community Futures Development Corporations, is targeted to support businesses that are unable to access other government relief measures. The RRRF has two components:
- $675 million to support regional economies, businesses, organizations and communities in regions across Canada
- $287 million to support the national network of Community Futures Development Corporations to provide funding and support to small businesses and the rural communities in which they operate
Canadian Seafood Stabilization Fund
The Canadian Seafood Stabilization Fund, a $62.5 million fund delivered directly through the:
- Atlantic Canada Opportunities Agency,
- Western Economic Diversification Canada
- Canada Economic Development for Quebec Regions
It will help businesses access short-term financing to:
- increase storage capacity, and find storage solutions for unsold product
- adapt plant operations, and invest in equipment, services and materials to address challenges associated with COVID-19
- respond to changing markets and consumer needs
Northern Business Relief Fund
Northern Business Relief Fund provides eligible territorial SMEs affected by the economic disruptions due to COVID-19 with short-term relief for operational costs. This non-repayable grants range from $2,500 to a maximum of $100,000. The funding will cover a maximum period of four months, retroactive to April 1, 2020. This fund is delivered directly through the Canadian Northern Economic Development Agency.
Contact your regional development agencies
If you are a tourism operator or small or medium-sized business or organization that has received RDA funding and COVID-19 is affecting your operations, you are encouraged to contact your local RDA office at the number below. Your local RDA office can review your situation and provide guidance.
Atlantic Canada Opportunities Agency (ACOA)
For businesses located in New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island
Canada Economic Development for Quebec Regions (CED)
For businesses located Quebec
Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
For businesses located in Southern Ontario
Federal Economic Development Initiative for Northern Ontario (FedNor)
For businesses located in Northern Ontario
Western Economic Diversification Canada (WD)
For businesses located in Alberta, British Columbia, Manitoba and Saskatchewan
Canadian Northern Economic Development Agency (CanNor)
For businesses located in the Northwest Territories, Nunavut and Yukon
The Government of Canada has introduced a number of other support measures. For more information on additional government support available to your business and workers, please visit Managing your business during COVID-19.
- Date modified: