We are currently fully subscribed for RRRF Funding

If you would like to be notified of future RRRF Funding or alternative funding options available please complete the form below:

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 through the CFDC Stream is now fully allocated, applications are still being accepted under the FedDev Stream.

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

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 us if you have any questions before applying.


FedDev Stream

Funding available through FedDev Ontario

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. Businesses in Lanark County and North Leeds may apply through Valley Heartland.  

CFDC Stream

Principal repayments can be voluntarily made at any time


Funding available through Valley Heartland

0% interest and no principal payments until December 31st, 2022

Zero %

Maximum assistance will be $40,000

Up to $40,000

The full balance must be repaid no later than December 31st, 2025

If the Client is unable to repay the loan by December 31st, 2022, the loan will be converted to a three-year term loan with interest rates up to 5%, effective January 1st, 2023

25% (not to exceed $10,000) of any loan can be forgiven provided the Client has paid 75% of the original loan amount prior to December 31st, 2022      

Applicants must also meet the following criteria:

  • established prior to March 1, 2020;o   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.


Read our CFDC Stream Program + Application Guidelines fully.

Download + Complete the Application and hit 'Submit' to email it to us



Coming Soon: how to apply tutorials

Download: VH CFDC RRRF Guidelines.pdf

Download: Q&A.pdf

Download: Relief Recovery Fund App-VHCFDC-0517-final.pdf

The application must be downloaded and saved to your computer. It may then be filled out and saved.

Most Asked Questions


Q. Can I receive RRRF funds from both Valley Heartland CFDC and FedDev Ontario ?

No. Businesses may also be eligible to receive RRRF funds from FedDev Ontario, but may not receive RRRF assistance from both a CFDC and FedDev Ontario.

Q. When does the window for applications open and when will it close?

Applications through Valley Heartland launched May 15th, 2020. Applications are accepted on an ongoing basis with no submission deadlines. However, do not delay in applying as interest in the RRRF is expected to be high. Applications will be accepted and reviewed when received until the Fund is fully committed.

Q. Can a Valley Heartland loan client who received a preferred rate for COVID-19 relief transfer their approved loan to this funding given 25 percent is potentially forgivable?

Under no circumstances can an existing loan be converted to a loan under the RRRF. Existing recipients must re-apply for support under RRRF.

If a loan client received a preferred rate loan for COVID-19, they would not receive priority under the RRRF intake.

Still have questions?

Q. Can I apply if I am already receiving Government of Canada funding?

This funding is intended to address gaps for firms that are ineligible under other Government of Canada COVID-19-related support programs.            

If you have attempted to access other relief federal supports and are ineligible or were declined, or if you received funding and have operating expenses in excess of the support received, you may apply (please note that priority will be given to those who have been rejected or ineligible for receiving other government relief measures).  

Call 613-283-7002


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