Distribution of Regional Relief and Recovery Fund (RRRF)
Earlier today, the Prime Minister and Minister of Economic Development and Official Languages announced further details on the distribution of the $962 million for the new Regional Relief and Recovery Fund (RRRF). The RRRF will be delivered through the Regional Development Agencies to support businesses and organizations in sectors such as manufacturing, technology, tourism, seasonal industries and others.
The funding will be allocated as follows:
- $110 million for Atlantic Canada
- $211 million for Quebec
- $34.3 million for Northern Canada
- $252.4 million for Southern Ontario
- $49.5 million for Northern Ontario
- $304.2 million for Western Canada
The RRRF is specifically targeted toward those that may require additional help to recover from the COVID-19 but have been unable to access existing support measures such as the Canada Emergency Wage Subsidy (CEWS) or the Canada Emergency Business Account (CEBA).
The RRRF is now accepting applications from businesses and communities. Details on eligibility and how to apply can be found in each of the Regional Development Agencies websites:
- Atlantic Canada Opportunities Agency (ACOA)
- Canada Economic Development for Quebec Regions (CED)
- Canadian Northern Economic Development Agency (CanNor)
- Federal Economic Development Agency for Southern Ontario (FedDev Ontario)
- Federal Economic Development Initiative for Northern Ontario (FedNor)
- Western Economic Diversification Canada (WD)