The regional relief and recovery fund (FRRR) aims to support businesses affected by the economic impacts of COVID-19 that have not received federal government support. This support takes the form of emergency financial assistance (working capital) which aims to help these businesses, if they lack liquidity or need technical expertise to remain operational.​


Authorized beneficiaires

  • Companies

  • Cooperatives

  • Non-profit organizations (NPOs)

Costumer base

  • Retail stores and local services

  • Social economy enterprises

  • Agro and fishing industry (picking and harvesting)

  • Tourism for projects of $ 40k and less

  • Companies with a turnover of less than $ 250k (all sectors)

  • Self-employed

  • Start-up other than in manufacturing and value-added services

  • Companies already clients of a SADC or a CAE

Technical assistance

  • All companies from all sectors of economic activity

Financing agreement (working capital loans)

  • Loan to meet working capital requirements: maximum $ 40,000

  • The need for assistance must relate only to immediate (ad hoc) financial pressure on liquidity (working capital for SMEs or cash requirement for NPOs) and must be a consequence of COVID-19

  • The need for assistance must be for a maximum of 6 months

  • The aid cannot be used for needs associated with the preparation for the recovery (eg: fixed assets and equipment)

  • Possibility of capital moratorium and interest leave

  • Part of the non-repayable loan, 25%, if the loan is repaid completely before December 31, 2022

Main criteria for analysis

  • The project must meet the objective of the initiative 

  • One project per client

  • The financial assistance of SADC-CAE is conditional that other federal programs in connection with COVID-19 has not previously been granted to the organization.

  • SADC-CAE support must relate only to immediate (one-off) financial pressures on liquidity (working capital or cash requirements)

  • Support must have an incentive aspect

  • The company must have a post-COVID-19 viability perspective

  • Financial support must be consistent with other government measures :​

    • The support could not compensate for additional liquidity needs if the company had access to other similar government measures

    • The need for assistance must be demonstrated, including the assistance received from the provincial government and the municipalities

    • Financial viability must be demonstrated by the financial statements for the last financial year (if not available: tax reports).

Financial contribution for technical assistance

  • Support must have an incentive aspect

  • The company must have a post-COVID-19 viability perspective.

  • Need for help must be demonstrated

  • Technical assistance must be linked to the negative impact of COVID-19