Regional Relief and Recovery Fund Supports Local Economy – Loans Available for Area Businesses

Businesses in Beausoleil First Nation, Midland, Penetanguishene, Springwater, Tay and Tiny unable to access other federal support are invited to apply for the Regional Relief and Recovery Fund. North Simcoe Community Futures Development Corporation (NSCFDC) has earmarked nearly $1 million, with direct financial support from FedDev Ontario and the Government of Canada, to support retail shops, restaurants, corner stores, and businesses of strategic importance to our communities.

“Small businesses are at the heart of our economy and many have limited access to traditional financial institutions or other business service providers,” says Christopher McLaughlin, General Manager of NSCFDC. “The Regional Relief and Recovery Fund provides targeted assistance to the small towns and communities we serve.”

NSCFDC is providing interest-free loans up to $40,000.00, including a possible 25% forgivable contribution, to help support fixed operating costs of local businesses, where revenues have been affected by the COVID-19 pandemic.

Please visit for more information on eligibility and how to apply.


Christopher McLaughlin
General Manager, NSCFDC
705-526-1371 x117 or [email protected]

Quick Facts
Community Futures Development Corporations (CFDCs) deliver a wide variety of programs and services to support community economic development and small business growth. They employ local staff and are each governed by a volunteer board of directors, made up of local residents representing the community.