Tourism Resiliency Fund Program Overview
The COVID-19 global pandemic has caused a significant decline in tourism activity. Tourism-dependent businesses in the City and County of Peterborough have been greatly impacted. Peterborough & the Kawarthas Economic Development, together with partner Community Futures Peterborough will be administering non-repayable financial support ranging from $2,500 to $20,000 for eligible tourism-dependent businesses in the City of Peterborough, County of Peterborough, Hiawatha First Nation and Curve Lake First Nation.
Applications are now open.
The intention of this fund is to help offset business adaption costs associated with changing health and safety requirements and increasing safety demands for tourism-dependent businesses.
Eligible businesses can apply for a non-repayable contribution of up to $20,000 to support one-time business adaptation and re-opening costs incurred by tourism-oriented businesses (20% match by the applicant is required).
*Note: Marketing activities are ineligible expenses.
Who is Eligible?
You must have the following:
- Legal Business Name
- CRA number
- Business Located in Greater Peterborough Area (city and county)
- Reliant on Visitor Economy/ Tourism Dependent (restaurants, museums, accommodations, food and beverage, entertainment)
- 20% minimum match to contribute toward the project
- Reduction in Revenue – identify COVID impact
What Expenses are Eligible?
- Eligible expenses must be incurred beginning June 1st, 2020
- Implementation of health and safety protocols
- Alterations to accommodate social distancing (eg. Expansion of patio space for restaurants and/or acquisition of outdoor hearings, or HVAC upgrades)
- Purchase of PPE and cleaning supplies for workers; and,
- Implementation of digital tools and transformations for tourism operators (e.g. virtual queue and timed entry ticketing).
How to Apply – Fill out online application form below
Fund will open January 12th, 2021 and close February 12th, 2021 at 5 pm EST.
Successful applicants will be notified the week of February 15, 2021 – Successful applicants are notified and connected with Community Futures Peterborough
Contact Joe Rees for program inquiries:
Economic Development Officer – Tourism Sector
705-743-0777 Ext. 2138
My business is located just outside the County of Peterborough but am considered part of the Kawarthas Region – do I qualify?
You must have an operating business located within:
- City of Peterborough
- One of the municipalities located in the County of Peterborough (Asphodel Norwood, Cavan Monaghan, Douro Dummer, Havelock Belmont Methuen, Otonabee South Monaghan, North Kawartha, Selwyn, Trent Lakes
- Curve Lake or Hiawatha First Nations
There are so many funding and aid programs it is often confusing, is this the same program as the province and Selwyn Township have provided?
This program is in addition to the other programs available to support businesses. This program is solely focused on businesses that are tourism (visitor) dependent.
If I have received funding from other programs, will I still be eligible for this program?
Yes, provided that you meet the posted eligibility requirements and are a tourism dependent business. However, you will be unable to claim the same expenses for multiple programs.
I had to do so much work to get ready to open for the 2020 Summer Tourism Season, can those expenses be considered for this program?
Eligible expenses can be backdated to June 1, 2020. Expenses incurred prior to June 1 will not be accepted.
Can I submit more than 1 project?
Yes, you can apply for more than one project but the maximum funding cannot collectively exceed $20,000.
What if my project is greater than $20,000?
That is acceptable, the maximum non-repayable funding through this program cannot exceed $20,000.
What are examples of eligible expenses?
Patio furniture, patio heaters, plexiglass dividers, hotel room defogging and disinfecting machines, capital upgrades such as HVAC upgrades, double door systems etc
What are examples of ineligible expenses?
Marketing expenses, marketing agencies/consultants, expenses that are covered by other programs such as Digital MainStreet. Expenses that occurred prior to June 1st, 2020 are ineligible.
Is this a PKED or Community Futures program?
It is both. Community Futures and Peterborough & the Kawarthas Economic Development are partners, both aimed at supporting local businesses. PKED is able to assist business with business planning, business growth and expansion as well as adapting to challenges identified through COVID-19. Community Futures Peterborough is a strong funding agency aimed at supporting local entrepreneurs access funding. This program is able to use both programs to support local tourism dependent businesses.
What is a CRA number?
A CRA Business Number is a unique 9 digit number – the standard identifier for business. It is unique to a business or legal entity. To get a business number and register for CRA program accounts by phone, call the Business enquiries line at 1-800-959-5525.
Are the expenses pre-tax?
No, expenses are inclusive of tax.
Does it need to be in Canadian dollars? What if I have purchased something through Amazon that is in American dollars?
Expenses need to be made in Canadian dollars. As long as they are eligible expenses, they will be converted to Canadian dollars.
What if I don’t have the matching dollars?
Community Futures Peterborough has a number of programs and loans available to assist you. Contact Community Futures for more details. https://communityfuturespeterborough.ca/
Does this money need to be paid back?
No, this program provides non-repayable funding up to a maximum of $20,000 for eligible expenses, if approved.