FedNor – Aerospace Regional Recovery Initiative (ARRI)

Description:

The Aerospace Regional Recovery Initiative (ARRI) will help the Canadian aerospace sector emerge from the pandemic with the capacity to compete on the global stage.

Comments on Funding:

  1. Contributions to SMEs are generally repayable or conditionally repayable.
  2. Contributions to not-for-profits are generally non-repayable.
  3. Certain costs may be eligible on a retroactive basis up to 12 months before the receipt of a project application, but no earlier than April 19, 2021.

Eligibility:

Applicants must be:

  • small and medium-sized enterprises (SMEs) operating in the Canadian aerospace sector;
  • not-for-profit organizations providing services to the above-mentioned SMEs;
  • looking to:
  • green their operations and adopt environmentally sustainable practices;
  • improve productivity;
  • strengthen commercialization while furthering integration into regional and global supply chains.

Indigenous businesses and organizations are invited to apply.

Other Things to Note:

With a total budget of $250 million over three years (until March 31, 2024), this initiative is being delivered by Canada’s regional development agencies (RDAs). It complements support for the aerospace industry provided through Canada’s COVID-19 Economic Response Plan and by Industry, Science and Economic Development (ISED) through the Strategic Innovation Fund.

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