Welcome to the Venture Norfolk Regional Relief and Recovery Fund Application page.  Here, you will find a link to our Regional Relief and Recovery Fund (RRRF), as well as answers to frequently asked questions.

Frequently Asked Questions

  1.  What is this?
    • Loans of up to $40,000 at zero percent interest.  If the loans are repaid in full prior to December 31, 2022, 25% of the initial loan will be forgiven.  Any remaining balance will be converted to a 3 year term loan at up to 5% annual interest rate.  The full balance must be paid no later than December 31, 2025.
    • Example 1:  A loan of $40,000 is issued to a small business.  $30,000 is repaid on or before December 31, 2022.  The remaining $10,000 is forgiven.
    • Example 2:  A loan of $10,000 is issued to a small business.  None of it has been repaid on or before December 31, 2022.  The $10,000 is now a 3 year term loan.
    • Example 3:  A loan of $20,000 is issued to a small business.  $10,000 is repaid on or before December 31, 2022.  The remaining $10,000 is now a 3 year term loan
  2.   Who is eligible?
    • Small or medium size businesses that have been directly and negatively impacted by the COVID-19 pandemic.
    • Established prior to March 1, 2020
    • Have exhausted other sources of federal relief supports and have found themselves ineligible, rejected, or require funding in excess of what has been received.
    • Priority is given to those businesses that are of strategic importance to Norfolk County
    • While a business may be eligible to receive RRRF funding through both FedDev Ontario and Venture Norfolk, they can only avail themselves or one or the other
  3. How do I apply?
    • Click here to download the application form.  After that, return the form and supporting documents to connect@venturenorfolk.ca
    • We will review your submission and confirm that all documents required have been submitted within 2 business days
    • Only complete applications will be considered
    • You will be notified if your application is missing any information or supporting documents