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Aerospace Regional Recovery Initiative (ARRI) in the Prairie provinces

March 31, 2024

Value

Applications are eligible for a maximum of $10 million on any one project.

Description

The Aerospace Regional Recovery Initiative (ARRI) will help the Canadian aerospace sector emerge from the pandemic with the capacity to compete on the global stage. The Initiative will support small and medium-sized enterprises (SMEs) in the following 3 objectives:

  1. to green their operations and adopt environmentally sustainable practices
  2. to improve productivity
  3. to strengthen commercialization while furthering integration into regional and global supply chains

Eligible Applicants

Businesses operating in the aerospace industry, as well as the organizations that support them, are eligible to apply. This includes:

  • SMEs
  • not-for-profit organizations providing services to SMEs, including municipalities, post-secondary institutions, provinces and Indigenous organizations

Indigenous applicants

  • Indigenous businesses and organizations are invited to apply through the process described below. Under the initiative, Indigenous applicants may receive funding that exceeds the thresholds outlined in the Assistance available section below.

Eligible Expenses

Assistance available

  • Applications are eligible for a maximum of $10 million on any one project.
  • Commercial projects may be eligible to receive up to 75% of eligible project costs. Eligible businesses can receive interest-free repayable loans. Repayment normally starts one year after the project is completed with 60 equal monthly payments. Early repayment is permissible.
  • Non-commercial projects are not repayable and may be eligible to receive up to 90% of eligible costs. 10% of costs must be from non-government sources.
  • Applicants will be required to disclose all sources of funding with their completed application.
  • Costs may be eligible on a retroactive basis up to 12 months prior to the receipt of a project application.

Costs must be incremental and essential to the project. Examples include:

  • capital costs (equipment, machinery)
  • labour (wages and benefits)
  • marketing
  • costs related to intellectual property
  • technology development and commercial demonstrations
  • professional, advisory and technical services

Deadline Date

Applications are no longer being accepted.

Contact

Contact Name: Canada’s regional development agencies

Phone Number: 1-888-338-9378

Website: https://www.canada.ca/en/prairies-economic-development/services/funding/aerospace-regional-recovery.html

Industry:

Indigenous, Municipalities, Non-Profit, Software/Technology

Location:

Alberta, British Colombia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Nunavut, NWT, Ontario, PEI, Quebec, Saskatchewan, USA, Yukon

Tags:

ABmunis, COVID

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