Quebec Local investment funds
$150,000
Grant, Loan, Investment
Description:
These funds aim to stimulate entrepreneurship at the local level.
Comments on Funding:
Financial assistance takes the form of a loan, a participatory loan, a loan guarantee, a suretyship, the acquisition of bonds or other debt securities, participation in share capital, registered capital or otherwise, excluding investments in the form of grants, sponsorships, donations and other expenses of a similar nature.
The maximum aid rate is 50% of eligible expenses for for-profit businesses and 80% of eligible expenses for social economy businesses.
The accumulation of government aid cannot exceed 50% of the total cost of the project, with the exception of social economy enterprise projects, for which financial aid can reach 80%.
The maximum amount of assistance is $150,000 for a period of twelve months. Assistance of a higher amount may be granted to certain projects, at the discretion of the Government of Quebec.
The financing of each investment project must include a minimum contribution (down payment) from the promoter(s) or the company equivalent to 15% of its total cost.
December 31, 2025
Eligibility:
Local investment funds aim to support local entrepreneurship by facilitating access to capital and accelerating the implementation of projects:
business start-up;
of improvement and transformation;
of growth and expansion;
entrepreneurial succession. The following are eligible:
for-profit companies legally constituted under the laws of the government of Quebec or Canada;
collective enterprises (cooperatives and NPOs) with a commercial activity.
In order to be eligible, any organization must absolutely be legally incorporated in Quebec to do business and operate a company there, regardless of its constitutive law (of Quebec or elsewhere).
Applicants must meet the following conditions:
Not to be or not to use the services of subcontractors registered in the Register of companies not eligible for public contracts (RENA).
Have met all their obligations relating to the allocation of previous financial assistance from the Government of Quebec or the regional county municipality (MRC) for at least two years.
Not be a Crown corporation or a corporation controlled directly or indirectly by a government (municipal, provincial or federal), a municipal entity or a business that is majority owned by a Crown corporation.
Not be in a situation of bankruptcy or insolvency.
Not to commit ethical breaches or offer products or services likely to undermine the integrity or call into question the probity of the Government of Quebec, even by association.
Be eligible for the MRC investment policy.
Application Steps:
Contact the MRC, the municipal office or the organization responsible for managing the local investment fund in your area.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
https://cdn-contenu.quebec.ca/cdn-contenu/adm/min/economie/contenu/programmes/gu-modalite-gestion-fli-2023-2025.pdf
About the author
Maurice
