Regional Relief and Recovery Fund: Overview
Ongoing support to help affected businesses and communities cope with the impacts of the pandemic
The Regional Relief and Recovery Fund (RRRF) is providing assistance to businesses and communities that may require additional support to cope with and recover from the pandemic. The RRRF is part of Canada’s COVID-19 Economic Response Plan.
The fund will help to:
- mitigate the financial pressure experienced by businesses and organizations to allow them to continue their operations, including paying their employees; and
- support projects by businesses, organizations and communities to prepare now for a successful recovery.
Recognizing the importance of the RRRF in supporting small businesses, the government is increasing the fund by up to $500 million. The funds will go to regional development agencies and the Community Futures Network of Canada, bringing total funding to over $2 billion—25% of the funding is earmarked for the struggling tourism sector.
This expanded funding allows the RRRF to continue to be a backstop for eligible firms. It mirrors the support offered by other federal programs such as the Canada Emergency Business Account (CEBA) or the Business Credit Availability Program (BCAP) as they evolve to meet the needs of businesses. Businesses that are already receiving support from the RRRF could now receive up to $20,000 in additional funding if they meet the eligibility criteria.
To review RRRF eligibility requirements and to apply for support, contact your local regional development agency:
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 in 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
Other support measures are available to you! Visit Managing your business during COVID-19 to learn more.
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