Program details: Regional Relief and Recovery Fund
The RRRF provides emergency financial relief for SMEs and NPOs that do not have access to all the assistance they need from the government of Canada, in order to help them stay in business. The funding will be in line with other emergency relief measures, while avoiding duplication of government support.
- Continuous project intake, up to March 31, 2021 or until all the available funding has been allocated.
- Covered period: until June 30, 2021.
Small and medium enterprises and business support organization from all of Quebec’s economic sectors, including:
- Cultural and sporting events
- Food production
- Self-employed workers and sole proprietorships.
- Community organizations
- Social not-for-profit organizations.
Authorized costs include costs that help stabilize the SMEs and organizations and mitigate the impact of COVID-19, and which are not fully covered by other relief measures from the government of Canada. Costs may include operating expenses to maintain the organization's operations.
- The need for assistance must be solely related to an immediate (one-time) financial pressure on liquidity (working capital for SMEs, or cash-flow requirements for NPOs), and must be a consequence of COVID-19;
- The need for assistance must be for a maximum of 12 consecutive months between March 15, 2020 and June 30, 2021;
- The assistance cannot cover needs associated with the preparation of the recovery (e.g., fixed assets and equipment);
- Some costs are ineligible such as debt principal repayment and expenses covered by other programs.
- In the case of SMEs or NPOs engaged in commercial activities, the contribution is repayable .
- In the case of not-for-profit economic or business support organizations NOT engaged in commercial activities (including festivals and sporting events), the contribution is non-repayable.
- In all cases, the amount of the contribution will generally not exceed $1 million.
- Repayment conditions:
- Businesses seeking financial assistance of $60,000 or less:
a) not benefiting from the Canada Emergency Business Account (CEBA): The financial contribution is considered repayable, taking into account certain special conditions. A portion of the contribution (up to $20,000) could become non-repayable if specific repayment terms are met by December 31, 2022. Otherwise, the entire contribution is considered repayable over a period of 3 years starting January 1, 2023.
b) benefiting from the Canada Emergency Business Account (CEBA):The entire financial contribution is considered repayable over a five-year period starting January 1, 2023.
- Businesses seeking over $60,000 in financial assistance: The entire financial contribution is considered repayable over a five-year period starting January 1, 2023.
- Not-for-profit business support organizations: The contribution is non-repayable.
Main analysis criteria
- You must have applied for other emergency relief measures from the government of Canada prior to submitting an application under the RRRF.
- CED funding must only be used to address immediate (one-time) financial pressures from COVID-19;
- The business must have a post-COVID viability perspective.
- The funding must be in line with other government measures; the need for assistance must be demonstrated, including assistance received from the provincial government and municipalities.
- Financial viability must be demonstrated by financial statements for the last two fiscal years, or income tax returns.
- Depending on the number of applications, CED may have to prioritize businesses that have not received any assistance from the government of Canada.
- At least 25% of the total RRRF funding will be allocated to the tourism sector. Supported projects may be prioritized on this basis.
Find out more
If your business or organization is based in Quebec, call 1-800-561-0633 or send us an email. Our advisors can help guide you to the right resources.
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