FedDev Ontario – Tourism Relief Fund

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:

  1. be non-repayable contributions up to $100,000 for up to 50% of eligible costs; or
  2. fully 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. 

Eligibility:

Applicants must:

  • be tourism entities that cater mainly to visitors, such as:
  • businesses;
  • not-for-profit organizations, such as tourism associations; and
  • band councils or other Indigenous organizations and cooperatives. 
  • meet at least one of the following criteria: 
  • be a key supplier or operator in the visitor experience;
  • be part of a defined tourism cluster or a tourism dependent community, including supporting downtown cores; or
  • provide an anchor product or service in a tourism destination.

Eligible applicants must be part of the tourism ecosystem and will include tourism entities that cater mainly to visitors. Eligible applicants include:

  • incorporated businesses, primarily small- and medium-sized enterprises (SMEs);
  • not-for-profit incorporated organizations (including tourism associations and destination marketing organizations);
  • co-operatives (for-profit and not-for-profit);
  • municipalities, Municipal Development Corporations, and related entities;
  • post-secondary institutions;
  • Indigenous/First Nations/Métis Settlement owned businesses or organizations, an Indigenous organization such as Indigenous-led not-for-profits and organizations which include but are not limited to First Nations as represented by their Chief and Council, Tribal Councils, Indigenous Representative Organizations, Métis and Inuit organizations and Settlements.

Documentation Needed:

Applicants must submit:

  1. historical 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
  2. Incorporation documents, and/or Partnership Agreement, Letters Patent or other relevant documentation.
  3. other 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. 

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