Rural Opportunities Fund
Congratulations to our Rural Opportunity Fund Projects
Funding for the Rural Opportunities Fund (ROF) and COVID relief projects has now wrapped up. We were overwhelmed with not only the level of interest in these programs, but also the quality of projects that will help rural communities recover and grow in the years to come. This was truly a successful program that will benefit communities across Western Canada.
The original ROF project launched in October 2019. Western Economic Diversification Canada (WD) provided $4.1 million in funding for Community Futures organizations in Western Canada to build resilient rural communities through community economic development projects that support immigration into rural communities and targeted initiatives for Indigenous, rural and remote communities. The project also supports business retention in rural communities and assists in mitigating the economic impact of transitioning business ownership between retiring entrepreneurs and new owners.
The full $4.1 million has been allocated to 24 projects in BC, Alberta, Saskatchewan and Manitoba.
In June 2020, in response to the economic impacts of COVID-19, we received $1.526 million in additional funding for COVID-19 relief projects. This money was made available to assist CFs develop and implement local solutions to local community challenges in the recovery phase.
Twelve projects were approved across Western Canada. Learn more about the initiatives underway.
Thank you to the project teams, staff and volunteers who worked tirelessly to bring these projects to fruition.