FedNor – Tourism Relief Fund

Description:

The Tourism Relief Fund (TRF) is a national program delivered by FedNor in Northern Ontario. The TRF is part of the Government of Canada’s efforts to support the post pandemic recovery within the tourism sector, and aligns with the Federal Growth Strategy.

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. The maximum level of total government funding (municipal, provincial and federal) is 100%.

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.

Other Things to Note:

  1. With a budget of $500 million over two years (ending March 31, 2023), including $50 million specifically dedicated to Indigenous tourism initiatives and $15 million for national initiatives, this fund will position Canada to be a destination of choice when domestic and international travel is once again safe.
  2. Applications will be accepted and funded on a continuous intake basis over the next two years or until such a time as the allocated funding is fully distributed.

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