ESSOR – Volet 2: Appui aux projets d’investissement favorisant la productivité et l’expansion des entreprises (ESSOR’s Stream 2: Support for Investment Projects Promoting Productivity and Business Expansion)

By mmuise
Description:

This stream supports projects aimed at accelerating the productivity growth of Quebec companies through an innovative technological transition or the acquisition of new technologies or to promote the realization of investment projects in Quebec as part of the establishment or expansion of companies from here or elsewhere.


Comments on Funding:

1. Funding may take the form of:
- a repayable contribution,
- a loan guarantee (reimbursement guarantee of up to 70% on the net loss),
- an equity investment, or
- a non-refundable contribution.
2. The repayable contribution and the loan guarantee are the preferred forms of financial intervention.
3. Management fees (study fees) of at least 0.5% of the amount of financial assistance granted are payable by the company.
4. Annual guarantee fees of at least 0.5% of the guaranteed amount are payable.

Deadline: -
Eligibility:

Eligibility criteria:

  • The applicants must be a for-profit business, a cooperative or a social economy business.
  • All sectors of activity are eligible except for the following sectors:
    a) primary sector (agriculture, forestry and fishing), except:
    i. cultivation in a greenhouse or in a building having the same purpose as a greenhouse
    ii. packaging activities, when it comes to major projects
    iii. logging
    b) mining, quarrying and oil and gas extraction;
    c) real estate and rental and leasing services;
    d) construction, excluding projects related to the Action Plan for the construction sector and related to increasing productivity;
    e) public services;
    f) management of companies and enterprises;
    g) health care and social assistance;
    h) educational services;
    i) public administration;
    j) finance and insurance;
    k) arts, entertainment and recreation;
    l) telecommunications services;
    m) broadcasting;
    n) restoration;
    o) other services (except public administration), excluding:
    i. retail and wholesale,
    ii. the tourism sector, where only projects related to accommodation services are eligible when they are attached to a tourism project
  • For projects relating to the acquisition and implementation of digital solutions, which may require the development of a digital diagnosis, companies from all sectors of activity are eligible.
  • For companies carrying out seasonal activities in the territories of the Côte-Nord, Gaspésie-Îles-de-la-Madeleine, Bas-Saint-Laurent and Capitale-Nationale (MRC de Charlevoix, Charlevoix-Est and Portneuf ), the eligible sectors of activity are the same as those listed above, plus the primary sector (commercial fishing, mariculture, agriculture, peatlands, etc.).
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise