ESSOR – Volet 3: Appui aux projets d’investissement favorisant une réduction de l’empreinte environnementale (ESSOR’s Stream 3: Support for Investment Projects Promoting a Reduction in the Environmental Footprint)

By mmuise
Description:

This stream provides financial assistance to investment projects involving at least $100,000 in eligible expenditures and aimed at significantly reducing the environmental footprint of a company already established in Québec, regardless of productivity, through the acquisition and implementation of clean technologies.


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: Before March 31, 2024
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 projects aimed at reducing the environmental footprint of their activities;
    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 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:

-

Other Things to Note:

The program ends on March 31, 2024.

About the author
mmuise