On behalf of the Community Futures Network of Canada (CFNC) and the 268 Community Futures Organizations located in rural areas and territories across Canada, we welcome Minister Joly’s announcement on the additional funding for the Regional Relief and Recovery Fund (RRRF) of which $144.3M dollars have been allocated to the Community Futures Network.

 

This funding is in addition to the $287M dollars that was awarded to the CFNC in May and is intended for rural businesses that require support to recover from the COVID-19 pandemic.

 

The Community Futures Program has been serving rural communities for over 30 years. Each office operates as an individual non-profit corporation, with its own volunteer board of directors and its own portfolio of lending products and services. This means that the local board takes into consideration additional factors that a traditional bank may not, and it means the application turnaround can be much faster and efficient.

The Community Futures Network looks forward to working with the Regional Development Agencies to deliver the funding to rural businesses as quickly and efficiently as possible.

 

To learn more about the financing and business support services available through Community Futures organizations, please contact your local or provincial Community Futures organization for details. To access contact information for each provincial/regional Community Futures organization, please visit communityfuturescanada.ca and select your province.

 

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