Comments on Funding:
Funding is up to a maximum of 50% of total cash expenses as outlined in the project cash operating budget (Ontario tourism industry associations supporting recovery efforts are exempt from the matching funding requirement).
There is no maximum number of partners a project can have, but at least 10% of total cash expenses mustcome from the lead applicant organization.There is no predetermined limit on the funding amount requested.
The value of in-kind contributions is not to be included in the determination of the value of the TEDRF project cash operating budget. TEDRF will only match cash contributions.
Applicant must be:
The applicant must submit:
- the Tourism Economic Development and Recovery Fund Application Form – completed,electronically signed and dated;
- incorporation documents for its organization. If your organization is already registered in TPON but does not have incorporation papers attached to its profile, please log into TPON and attach them under its Organizational Attachments. This requirement does not apply to municipalities.
- the organization’s most recent, audited financial statements prepared by a Chartered PublicAccountant. The statements must include: income statement, balance sheet, and the notes andopinion of the auditor.
- ‘Letters of support’ from organizations and partners that support the project but are notmaking cash or in-kind contributions – optional.
Successful applicants must carry at least $2 million commercial general liability insurance coverage for the duration of the TPA and add “Her Majesty the Queen in right of Ontario, her ministers, agents, appointees and employees” as the additional insured on this coverage before the TPA can be executed.
Other Things to Note:
Applications are accepted on an ongoing basis.
COVID Related Measures:
The program also supports innovative tourism recovery projects aimed at increasing tourism within Ontario to address the reduction in global travel as a result of coronavirus (COVID-19).