Regional Relief and Recovery Fund

Regional Recovery and Relief Fund (RRRF) provides eligible Small to Medium-sized Enterprises (SMEs) with an interest-free repayable contribution to help alleviate financial hardship resulting from COVID-19.

As the financing terms of RRRF and Canada Emergency Business Account (CEBA) are similar, rural businesses can choose which program to apply to for funding. Applicants can only apply to ONE of these federal programs.

Who can apply for RRRF?

You are eligible to apply if you own a Small to Medium-Sized Enterprise (SME) located in non-metropolitan regions (all areas served by Community Futures organizations) in Western Canada and:

  • Can attest that you have not received duplicate supports through other federal or provincial government COVID-19 support programming such as the Canada Emergency Business Account (CEBA) or the NACCA ELP;
  • Have been viable and not experiencing any liquidity or other financial difficulties as of March 1, 2020;
  • Have experienced a materially adverse effect on business operations on or after March 1, 2020 as a result of the COVID-19 pandemic;
  • The business must have been established before March 1, 2020;
  • The business must be a sole proprietorship, partnership, corporation, social enterprise, or other similar organization, including non-profit so long as it has a social enterprise aspect that benefits the community;
  • Eligible tourism businesses include tourism operators, recreation and entertainment, transportation, accommodations, food and beverage and restaurants, but excluding retail.

How much I can apply for?

Applicants can receive up to the maximum amount of $40,000.

What can the RRRF be used for?

  • Lease payments for existing equipment and machinery;
  • Salaries and benefits (will only be considered for support if the business has not received support under the Canada Emergency Wage Subsidy (CEWS);
  • Property taxes;
  • Utilities;
  • Bank charges and interest payments;
  • Office supplies;
  • Vehicle operating expenses;
  • Professional fees;
  • Monthly insurance payments;
  • Rent (applicants are expected to pursue with their landlord access to the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses); and
  • Other fixed operating costs applicable to the applicant.

What are the repayment terms?

Before December 31, 2022:

  • No interest or principal payments
  • If 75% of loan is repaid, the remainder of the loan is forgiven (up to $10,000 based on loan amount of $40,000, and will be considered taxable income)
  • No prepayment penalties

After January 1, 2023:

  • Beginning of blended principal and interest payments (fixed interest rate 5%)
  • No prepayment penalties

What happens after I submit the application?

Our Loans Coordinator, Scot McNair, will contact you directly to ensure your loan application is ready to be presented for approval.

If you have any more questions or would like to speak to our Loan Coordinator, Scot McNair, he can be reached by phone, 250-545-2215 x 249 or email,