Repayable Contribution
Regional Tariff Response Initiative in British Columbia | RTRI
Overview
The Regional Tariff Response Initiative (RTRI) in British Columbia is part of the Government of Canada’s strategy to defend Canadian jobs, industries, and supply chains. It is part of a coordinated effort to protect Canadian businesses and workers from the impact of tariffs. This initiative is investing $1 billion in targeted support nationally.
Through the RTRI, we’re making investments to help B.C. businesses facing trade and tariffs disruptions to pivot to new paths to growth by helping them:
- boost productivity and reduce costs
- build more resilient supply chains
- reach new markets
The RTRI invests in businesses, either directly or through the organizations that support them, so that they can seize new opportunities, adapt to global trade disruptions and boost domestic trade. These investments contribute to long-term economic resilience in the face of continued global uncertainty. PacifiCan will deliver the RTRI in British Columbia to help B.C. small- and medium-sized businesses affected by tariffs improve productivity, expand and diversify export markets, optimize supply chains, and boost domestic trade within Canada. To benefit from this support, companies must have a strong plan to pivot their operations to new pathways to growth.
- 4.5/5.0
- Western Economic Diversification. Community Futures British Columbia
- All levels
- Last updated 2 days ago
- English
Description
Overview
The Regional Tariff Response Initiative (RTRI) in British Columbia is part of the Government of Canada’s strategy to defend Canadian jobs, industries, and supply chains. It is part of a coordinated effort to protect Canadian businesses and workers from the impact of tariffs. This initiative is investing $1 billion in targeted support nationally.
Through the RTRI, we’re making investments to help B.C. businesses facing trade and tariffs disruptions to pivot to new paths to growth by helping them:
- boost productivity and reduce costs
- build more resilient supply chains
- reach new markets
The RTRI invests in businesses, either directly or through the organizations that support them, so that they can seize new opportunities, adapt to global trade disruptions and boost domestic trade. These investments contribute to long-term economic resilience in the face of continued global uncertainty. PacifiCan will deliver the RTRI in British Columbia to help B.C. small- and medium-sized businesses affected by tariffs improve productivity, expand and diversify export markets, optimize supply chains, and boost domestic trade within Canada. To benefit from this support, companies must have a strong plan to pivot their operations to new pathways to growth.
Businesses with commercial projects seeking repayable contributions
Funding:
- Interest-free repayable contribution of $200,000 to $10 million per project
- Up to 75% of eligible costs for commercial projects
Repayment terms:
- Repayment terms will be determined at the contribution agreement stage, but repayment normally begin 1 year after project completion, to be repaid in equal monthly installments over 5 years (additional flexibility may be possible, by exception)
- No collateral required or penalty for early repayment
Funding source:
- At least 25% must come from non-PacifiCan sources, and at least 10% must come from non-government sources
- Combined government assistance from all sources (municipal, provincial, and federal, including PacifiCan’s contribution) cannot exceed 90% of total eligible project costs, but may be up to 100% for projects led by Indigenous applicants
- Projects that secure funds from combined non-PacifiCan and non-government sources to cover larger shares of their eligible costs will be assessed more favourably
Businesses with commercial projects seeking non-repayable contribution
Funding:
- Non-repayable contributions up to $1 million are available to businesses that:
- Generate economic benefits for the local economy or a given region; AND
- Play an important role in supporting the local supply chain
- Lifetime maximum of 1 project per recipient for non-repayable contributions under RTRI
- Up to 50% of eligible costs for commercial projects
Repayment terms:
- Non-repayable
Funding source:
- At least 50% must come from non-PacifiCan sources, and at least 10% must come from non-government sources
- Combined government assistance from all sources (municipal, provincial, and federal, including PacifiCan’s contribution) cannot exceed 90% of total eligible project costs, but may be up to 100% for projects led by Indigenous applicants
- Projects that secure funds from combined non-PacifiCan and non-government sources to cover larger shares of their eligible costs will be assessed more favourably
Not-for-profit organizations with non-commercial projects that support SMEs
Funding:
- Non-repayable contributions up to $10 million for non-commercial projects to support small- and medium-sized enterprises (SMEs)
Repayment terms:
- Non-repayable
Funding source:
- At least 10% must come from non-PacifiCan sources
- Combined government assistance from all sources (municipal, provincial, and federal, including PacifiCan’s contribution) may be up to 100% of total eligible project costs
- Projects that secure funds from combined non-PacifiCan and non-government sources to cover larger shares of their eligible costs will be assessed more favourably