Strategic Business Retention and Emergency Aid Support Program (PARESAU) Stream 1: Support for strategic companies in their search for solutions
$100,000
Grant, Loan, Investment
Description:
Maintain the activities of strategic companies in financial difficulty by supporting the development of solutions.
Comments on Funding:
Only projects that successfully pass the stages of analysis of strategic nature, the need for aid and the absence of negative impact on existing businesses can be granted aid.
The company must not be under the protection of the Companies’ Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
Funding takes the form of a non-refundable financial contribution.
The maximum rate of aid is 75% of eligible expenses.
The maximum amount of aid is $100,000 per business.
The accumulation of government aid is 75% of eligible expenses.
March 31, 2025
Eligibility:
The company is eligible if it is a for-profit company, a cooperative or a social economy company. It must also:
have been active in Quebec for at least three years.
be likely to close or show signs of closing.
to be qualified as strategic by the Ministry of Economy, Innovation and Energy (MEIE).
* Companies operating in certain sectors of activity are not eligible.
Application Steps:
The submission of the complete financial assistance file must be sent to the following email address: aidefinanciere@invest-quebec.com
Documentation Needed:
Document:
Financial assistance application form – PARESAU –
Section 1: Support for strategic companies in their search for solutions
Other Things to Note:
To learn more
To find out if your business can benefit from this program, contact our team at 1 844 474-6367.
April 2024
About the author
Maurice
