Jul 12, 2021 | Industry News Tourism Industry
The Government of Canada has launched the Tourism Relief Fund, to be delivered through FedDev Ontario. The Tourism Relief Fund 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. This fund has a $500 million budget (ending March 31, 2023) and will focus on product development and destination development. The fund will empower businesses to create or enhance tourism experiences and products to attract visitors and to help the sector provide the best Canadian tourism experiences.
Contributions to businesses will be either 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.
The fund will offer a minimum of $50 million to support Indigenous tourism initiatives and $15 million will be dedicated to national initiatives that support the advancement of national tourism priorities. Eligible applicants include tourism entities that cater mainly to visitors, such including businesses, not-for-profit organizations, and band councils or other Indigenous organizations and cooperatives.
To be considered eligible for this fund, applicants must 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.
FedDev Ontario staff will also be hosting four technical briefings on the TRF through Zoom over the next few weeks. Those who are interested may register via one of the following links:
- Wednesday, July 14, 2021 at 10:00AM (English Session)
- Monday, July 19, 2021 at 10:00AM (English Session)
- Wednesday, July 21, 2021 at 10:00AM (French Session)
- Monday, July 26, 2021 at 10:00AM (English Session)