Closed
Regional Relief and Recovery Fund – Community Futures Stream
Financial support for COVID-19-affected rural businesses
Last Update: May 28, 2026
Funding available
$ 60,000
Timeline
- Receipt of requests is now closed
Location
British Columbia, Canada
Overview
This program provides loans of up to $60,000 to support small and medium-sized businesses affected by COVID-19. It covers eligible operating costs such as rent, salaries, utilities, and other fixed business expenses.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase operational productivity
- Strengthen organizational capacity
- Ensure financial sustainability
Eligible Funding
- Maximum amount : 60,000 $
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Other services (except public administration)
- Public administration
Location
- British Columbia
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Rural or Northern Residents
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Official resources
Eligibility
Who is eligible?
- Small and medium-sized enterprises in rural British Columbia.
- Sole proprietorships, partnerships, corporations, social enterprises, and similar organizations.
Who is not eligible
- Businesses outside the non-metropolitan areas served by Community Futures in British Columbia.
- Businesses that already received duplicate support from another federal or provincial COVID-19 program.
- Rural businesses seeking funding through more than one of the federal COVID-19 business support programs.
Eligible expenses
- Lease payments for existing equipment and machinery.
- Wages, benefits, rent, utilities, and other fixed operating costs.
- Property taxes, bank charges, interest, office supplies, vehicle operating costs, professional fees, and monthly insurance.
Eligible geographic areas
- Non-metropolitan regions of British Columbia served by Community Futures.
How to apply
- Step 1: Contact your local Community Futures office
- Rural businesses in British Columbia were directed to apply through their local CF office or provincial CF website.
- Step 2: Submit your application
- Applications were submitted through the Community Futures application channel for eligible rural businesses.
Processing and Agreement
- Applications are no longer being accepted.
- Projects must remain in good standing to keep any repayment forgiveness opportunity.
- If the loan is not repaid by the deadline, it is converted into a 2-year term loan.
Additional information
- Applications are no longer being accepted.
- Businesses could only apply through one federal COVID-19 support program.
- Projects in good standing may be eligible for an extended repayment deadline.
Contacts
Other components of this program
Explore related funding streams and grants that belong to the same program.
- Regional Relief and Recovery Fund – Women’s Enterprise Initiative StreamFinancial support for women-led businesses
Frequently Asked Questions about the Regional Relief and Recovery Fund – Community Futures Stream Program
What is the Regional Relief and Recovery Fund – Community Futures Stream?
This program provides loans of up to $60,000 to support small and medium-sized businesses affected by COVID-19. It covers eligible operating costs such as rent, salaries, utilities, and other fixed business expenses.
How much funding can be received?
Regional Relief and Recovery Fund – Community Futures Stream Funds up to $60,000 of admissible expenses.
Who is eligible for the Regional Relief and Recovery Fund – Community Futures Stream program?
To be eligible for the Regional Relief and Recovery Fund – Community Futures Stream program, you must:
SMEs in rural British Columbia.
Business affected by COVID-19.
Established before March 1, 2020.
Who can I contact for more information about the Regional Relief and Recovery Fund – Community Futures Stream?
You can contact Pacific Economic Development Canada (PacifiCan) by email at none or by phone at 1-604-289-4222.
Where is the Regional Relief and Recovery Fund – Community Futures Stream available?
The Regional Relief and Recovery Fund – Community Futures Stream program is available the province of British Columbia.
Is the Regional Relief and Recovery Fund – Community Futures Stream a grant, loan, or tax credit?
Regional Relief and Recovery Fund – Community Futures Stream is a Loans and Capital investments
Who are the financial supporters of the Regional Relief and Recovery Fund – Community Futures Stream?
Regional Relief and Recovery Fund – Community Futures Stream is funded by Pacific Economic Development Canada (PacifiCan)