Amount:
$500,000
Type of Program:
Grant & Loan
Description:
The Tourism Relief Fund, administered by Canada's regional development agencies (RDAs) and Innovation, Science and Economic Development Canada (ISED), supports tourism businesses and organizations to adapt their operations to meet public health requirements while investing in products and services to facilitate their future growth.
Comments on Funding:
Contributions to businesses will be either:
- 1be non-repayable contributions up to $100,000 for up to 50% of eligible costs; or
- 2fully repayable contributions up to $500,000 for up to 75% of eligible costs.
Not-for-profit organizations and Indigenous entities (not generating profits) will be eligible for non-repayable contributions. Project contribution amounts would not exceed $500,000. The actual contribution amount will be based on the minimum amount required to carry out the project.
A business cannot receive a combination of a non-repayable and a repayable contribution for the same project. Under the fund, a minimum of $50 million will specifically support Indigenous tourism initiatives.
When It Ends:
Ongoing
Deadline:
March 31, 2023
Eligibility:
Applicants must:
Eligible applicants must be part of the tourism ecosystem and will include tourism entities that cater mainly to visitors. Eligible applicants include:
Applications Steps:
Applicants must:
complete the application for funding;
attach the supporting documentation. The total size of all supplementary materials cannot exceed 100MB.
submit the application. Once the application package is received, a confirmation message will be displayed on the applicant's screen: "Your application has been successfully submitted to FedDev Ontario."
save and print a copy of the application package and the confirmation message for your records.
Applicants are encouraged to contact FedDev Ontario electronically or by phone at 1-866-593-5505 if they have any questions regarding the Application for Funding.
Documentation Needed:
Applicants must submit:
- 1historical financial statements for the last two fiscal years either in the form of an Audit, Review Engagement or Notice to Reader. Note: audited or reviewed statements are preferred. Internally-prepared financial statements may be accepted. At a minimum, this should include a balance sheet, income statement (including a breakdown of costs), and statement of cash flow; and
- 2Incorporation documents, and/or Partnership Agreement, Letters Patent or other relevant documentation.
- 3other attachments relevant to the project and that complement answers provided in the Application for Funding. These may include a project plan, detailed budgets, copies of relevant permits/licenses, evidence of support from the community, supplier quotes, and other relevant documents.
