Hurricane Fiona Recovery Fund
Part of the QEDP
Helping SMEs and communities directly affected by Hurricane Fiona.
CED’s assistance under the Hurricane Fiona Recovery Fund (HFRF) aims to support small and medium-sized enterprises (SMEs) and communities in eastern Quebec (Gaspésie and Les Îles-de-la-Madeleine) directly affected by the storm. The aim of this fund is to contribute to recovery efforts and restore economic activity.
The HFRF will thus make it possible to cover costs that may not be covered under existing federal or provincial programs.
CED's support is made possible through the $300M Hurricane Fiona Recovery Fund that the Government of Canada has established to support communities and businesses affected by Hurricane Fiona across the country.
HFRF recipients must:
- Have an immediate need, demonstrate quantifiable losses or damage that are a direct result of Hurricane Fiona; and
- Have exhausted all other sources of financial support, such as insurance and provincial relief programs.
Eligible clients are:
- NPOs* including:
- economic development organizations that provide essential services to SMEs
- local economic development associations
- Indigenous organizations
*Public organizations subject to the Loi sur le ministère du Conseil exécutif (M-30) must have authorization from the Government of Quebec.
Examples of projects that may receive support
- Clean-up and renovations following flooding caused by Hurricane Fiona
- Restoration of primary community and tourism assets (e.g., bathing/seaside facilities, trail networks)
- Acquisition of fishing and aquaculture equipment (e.g., mussel seed, oyster cages)
- Planning activities to ensure the climate resiliency of businesses and communities
- Support from an organization to better understand the extent of damages and develop recovery plans
Priority may be given to projects enabling the recipient to better prepare for potential future natural catastrophes.
Other activities may be eligible. Contact us to share your project.
Costs incurred directly following Hurricane Fiona, deemed justifiable and reasonable to recover and restore your economic activity. This may include costs aimed at enabling the recipient to better prepare for possible future natural catastrophes. Note that these costs are eligible retroactively to September 23, 2022.
- Loss of takings
- Any costs that are not essential and not directly related to the project, as well as:
- The refinancing of existing debt
- The purchase of any asset exceeding fair market value for this asset
- Amortization expenses
- Client-related expenses
Applications for funding will be assessed on a case-by-case basis. The HFRF will be in effect until March 31, 2024. Applications will be accepted on a continuous basis, until all funding has been fully allocated.
Submitting a project
Would you like to submit a project?
- Consult the project submission guide
- Contact us for further information