CANADA ENTERPRISE EMERGENCY FUNDING CORPORATION

Canada Enterprise Emergency Funding Corporation ("CEEFC") is a federal Crown corporation, incorporated in May 2020 and is wholly owned by Canada Development Investment Corporation ("CDEV"), a parent Crown corporation. CEEFC is responsible for administering the Large Employer Emergency Funding Facility ("LEEFF"). The objective of LEEFF is to help protect Canadian jobs, help Canadian businesses weather the current economic downturn, and avoid bankruptcies of otherwise viable firms where possible. LEEFF is not used to resolve insolvencies or restructure firms, nor does it provide financing to companies that otherwise have the capacity to manage through the crisis. The additional liquidity provided through LEEFF allows Canada's largest businesses and their suppliers to remain active during this difficult time, and position them for a rapid economic recovery. LEEFF is managed in accordance with terms and conditions approved by the Minister of Finance in cooperation with Innovation, Science..

Also known as: CEEFC

Primary location: Toronto