FedNor – Tourism Relief Fund

ByMaurice February 22, 2022August 30, 2022

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:

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

When It Ends:

Ongoing

Deadline:

Rolling deadline

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.

Applications Steps:

Applications can be completed and submitted electronically, or printed and sent to the nearest FedNor office.

FedNor may contact applicants for additional details to complete the application.

The results of the Application review will be communicated to applicants electronically or in writing.

FedNor will review Phase One applications as they are received.

Upon initial review of the Phase One Application for Financial Assistance, applicants will be invited to submit a Phase Two Detailed Application, Annex and provide supporting documentation.

Successful applicants will be required to report to FedNor on project expenditures and activities, the results/outcomes of the project, and achievement of performance indicators as identified in contribution agreements.

Other Things to Note:

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.
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.