Emergency Operation during COVID-19 information - click here.

Regional Relief and Recovery Fund (RRRF)

The Regional Relief and Recovery Fund (RRRF) provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic.  The Fund, valued at more than $962 million nationally, is delivered by Canada’s six regional development agencies.

In southern Ontario, $252.4 million is available as follows:

  • $213 million for SMEs facing financial pressure; and
  • $39.4 million to provide rural businesses with access to capital and technical support, delivered by southern Ontario’s Community Futures Development Corporations.


Funding available through your local CFDC

In order to provide targeted assistance to the small towns and communities they serve, CFDCs will focus on assisting “main street” businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $40,000.


  • Eligible CFDC applicants must also meet the following criteria:
    • established prior to March 1, 2020;
    • impacted adversely by the COVID-19 pandemic;
    • viable and not experiencing other financial difficulties prior to March 1, 2020;
    • have attempted to access other federal relief supports and were ineligible, rejected, or require funding for expenses that have not been supported, with priority given to applicants who were ineligible or rejected from other federal relief supports.


Applications can be submitted for:

  • Loans of up to $40,000 to help address working capital needs.


Next steps:

  • Review the RRRF Program Guidelines for full program details.
  • Before you complete the application form, answer the following 4 questions:
    • Was your business established prior to March 1, 2020?
    • Can you demonstrate that your business was profitable before March 1, 2020?
    • Can you demonstrate a revenue impact due to COVID-19?
    • Have you NOT received any other federal COVID-19 relief funding?
  • If you answered yes to all 4, proceed with completing the Business Loan Application Form. (for optimal form filling, edit the PDF in Adobe Acrobat Reader)
  • You may sign it digitally or print, sign and scan.
  • Gather the supporting information – see the checklist at the back of the application form that details the other information we will require a copy of.
  • Email all the documents to info@cfpeterborough.ca

Note: In order for us to review your application, all required documents must be submitted.


*** Should you be interested in a loan greater than $40,000 and meet the following eligibility criteria, you may wish to apply to FedDev Ontario for direct funding.


Funding available through FedDev Ontario

FedDev Ontario is delivering $213 million in funding support to SMEs impacted by COVID-19 that do not qualify for, or have been declined for, current Government of Canada COVID-19 relief measures.

Eligible applicants must:

  • Be a Canadian or provincially incorporated business, co-operative or an Indigenous-owned business located in southern Ontario with 1 to 499 full-time equivalent employees;
  • Be facing funding pressures with fixed operating costs as a result of COVID-19;
  • Have been a viable business before the COVID-19 pandemic and plan to continue to operate their business or resume operations.
  • Have already applied to other Government of Canada emergency credit relief measures for which they are eligible, as outlined in the program guidelines.

For the RRRF funding provided directly by FedDev Ontario, priority may be given to SMEs that fall within the manufacturing, technology, tourism and other sectors key to the region, that are major employers in small communities, or that support the government’s commitment to underrepresented groups.


For more information, please visit the FedDev Ontario website and consult the Applicant Toolkit.


Please note: Applicants will not receive RRRF assistance from both their local CFDC and FedDev Ontario. Review the program guidelines to see which stream is right for you and contact FedDev Ontario if you have any questions before applying.