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Activities and Projects

Regional Relief and Recovery Fund (RRRF)

 Goals:    

To deliver Regional Relief and Recovery Funding (RRRF) and Business Services.

Objectives:   

Provide liquidity support to South Simcoe businesses and not for profit organizations affected by the economic impacts of COVID-19.

Status:   

Nottawasaga Community Futures Development Corporation (NCFDC) received $2,079,888.76 in funding to support businesses, social enterprises, and eligible not-for-profit corporations impacted by the COVID-19 pandemic who were unable to access existing federal relief measures.  Eligible applicants were able to apply for up to $60,000 in conditionally non repayable loans.  NCFDC also received $75,000 for Business Services.

        

Activity for April 1, 2020 –March 31, 2021  

Achieved

Number of loans disbursed

49

Value of loans disbursed

$2,079,888.67

Number of jobs created and maintained

98

Value of Business Services funds

$75,000

Business Service Delivery – SMEs & NFPs

118