The Aerospace Regional Recovery Initiative (ARRI) program is providing a up to $10 million per project contribution with a total amount of $250 million in funding to the Aerospace industry. The aim is to pull Canadian businesses in this field out of the trials and tribulations of the COVID-19 Pandemic with capacity to compete on the global stage. Funding will be allocated to small-medium sized businesses, as well as supporting not-for-profit and Indigenous organizations in the following conditions:
- SMEs are eligible to receive zero-interest repayable or conditionally repayable loans.
- Non-for-profits are eligible for non-repayable grants.
-
Indigenous applicants may be eligible to receive up to 100% of eligible costs.
Eligible Applicants
Applicant companies must be businesses in the aerospace industry, as well as organizations that support them including:
- Small to medium-sized enterprises (SMEs)
- Not-for-profit and Indigenous organizations providing services to SMEs
There are three types of projects that qualify as eligible activities for the ARRI funding:
- Green operations and adopting environmentally sustainable practices such as commercialization of clean tech products and services and electrification to support a lower carbon footprint.
- Improvement of productivity in areas such as manufacturing, artificial intelligence or general improvement.
- Strengthening commercialization of aerospace goods and services by establishing a strong presence on the global stage.
Program Deadline
Applicants should prepare well in advance of applications. Funding is available on a continuous basis until March 31, 2024, or until all funding has been committed.