Canadian Manufacturing

Feds expand Regional Relief and Recovery Fund to support more Western businesses

Minister Joly announces that additional funding for small and medium-sized businesses is now available

October 5, 2020  by CM Staff

EDMONTON, Alta. — On Oct. 2, the federal government announced an additional $263.7 million for Western Economic Diversification Canada (WD) to help businesses across the West through the Regional Relief and Recovery Fund (RRRF).

This flows from $600 million in new national RRRF funding announced by Prime Minister Justin Trudeau. Of these additional funds, $67 million will be used by Community Futures (CF) organizations to support businesses in rural communities across the West.

“Small and medium-sized businesses have been hit hard by COVID-19, and the Regional Relief and Recovery Fund is here to help them, protecting over 20,000 jobs across Western Canada,” said Mélanie Joly, minister of Economic Development, in a prepared statement. “That’s why we’re enhancing and expanding the RRRF to help even more Westerners. Our message to them is clear: we’ve been here for you with significant measures, we’re here for you now and we’ll get through this, together.”

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Across Western Canada, demand for RRRF support has been high since the program began in May.