Administered by Government of Canada · Last verified: July 2026
Tenacity Works is a revolving loan fund run by the Canadian Worker Co-op Federation that invests in worker and multi-stakeholder co-ops across Canada. It provides term loans that co-ops can use to attract additional financing from banks, private investors, or the Canadian Co-operative Investment Fund. Loans run over a 5-year term at a fixed rate of prime plus two points, with a minimum rate of 8 percent. Note: the fund is currently fully committed and is not accepting new applications, with plans to reopen in 2027.
Review times vary by program, from a few weeks to a few months, so check the official page for its timeline. Grant money is usually paid after you sign a funding agreement, and cost-shared programs often reimburse you once you send proof of what you spent.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityCWCF Tenacity Works Fund is generally open to incorporated businesses, in any province or territory. Confirm the full criteria on the official program page before applying.
The estimated value is $15,000 to $50,000 term loans. The actual amount depends on your eligible costs, the program's budget, and approval.
1. Check the CWCF website for the fund reopening (expected 2027) 2. Confirm worker or multi-stakeholder co-op eligibility 3. Prepare financials and a business plan 4. Submit a Tenacity Works application when intake reopens
Currently closed, expected to reopen in 2027.