November 2020

OPEN: Regional Relief and Recovery Fund (RRRF) Round 2

(COVID-19) Community Futures Supporting Rural Communities

Added

The Regional Relief and Recovery Fund (RRRF) provides liquidity support to businesses and not-for-profit organizations affected by the economic impacts of COVID-19, that are unable to access other federal relief measures, or require additional support.

The Fund, valued at more than $1.5 billion nationally, is delivered by Canada’s regional development agencies.

In southern Ontario, $436.4 million is being delivered as follows:

• $367 million for direct support from FedDev Ontario for SMEs facing financial pressure; and

• $69.4 million to provide rural businesses with access to capital and technical support, delivered by southern Ontario’s Community Futures Development Corporations.$30M in additional RRRF funding is available to southern Ontario SMEs through CFDCs.

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