Regional Relief and Recovery Fund for Northern and Southern Ontario

Not all Canadian businesses have been able to meet the eligibility criteria to receive funding through the various federal and provincial COVID-19 support programs, which is why the Regional Relief and Recovery Fund (RRRF) was introduced by FedNor & FedDev Ontario to provide repayable interest-free loans that help support the fixed operating costs of these businesses. Find out if your business is eligible to receive these interest-free loans.

FedNor RRRF Northern Ontario Program Breakdown

  • Amount:
    • Funding Option 1: Up to $40K conditional repayable 0% loan;
    • Funding Option 2: Up to $250K unconditionally repayable 0% loan;
    • Funding option 3: Grant of up to $250K for not-for-profits
  • Projects: Help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic.
  • Timeline: Ongoing intake. Can claim costs retroactively to March 15, 2020 over a six month period.
  • Eligibility: SMEs (1-499 employees) or Not-for profits located in Northern Ontario can apply.

FedDev Ontario RRRF Southern Ontario Program Breakdown

  • Amount:
    • Funding Option 1: Up to $40K conditional repayable 0% loan;
    • Funding Option 2: Up to $500K unconditionally repayable 0% loan
  • Projects: Help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic.
  • Timeline: Ongoing intake. Can claim costs retroactively to March 15, 2020.
  • Eligibility: SME (1-499 employees), co-operative or an Indigenous business located in Southern Ontario and is facing funding pressures with fixed operating costs.

Top Regional Relief and Recovery Fund and COVID-19 Resources

Regional Relief & Recovery Fund (RRRF) – COVID-19 Interest-Free Loans for SMEs: Our blog going over the Regional Relief & Recovery Fund (RRRF) providing interest-free loans to support Ontario SMEs ineligible for other COVID-19 funding programs.

COVID-19 Support Programs: The Canadian government’s responsive actions evolve each day, and Mentor Works is watching closely for business funding stimulus in response to COVID-19.

Canadian Government Funding for Small Business