Support for the development of tourist attractions
$5,000,000
Grant, Loan, Subsidy
Description:
The Tourist Attractions Development Support Program (PADAT, part 1) supports private investment by granting loans and loan guarantees and by supplementing the financial structure of tourism business investment projects.
Comments on Funding:
The minimum amount of financial intervention granted to the company is $150,000.
The maximum amount of financial intervention granted under the program for the same project, all forms of aid combined, is $5,000,000.
In any case, the amount of the financial intervention may not exceed the cumulative rates provided for in the following point.
December 31, 2025
Eligibility:
The following are eligible:
for-profit organizations (NPOs) legally constituted in Quebec;
non-profit organizations (NPOs) legally constituted in Quebec;
cooperatives legally constituted in Quebec;
indigenous communities and nations recognized by the National Assembly;
any grouping of these customers.
Applicants must have a financial structure, management quality and professional and technical staff that can ensure the profitability, competitiveness and sustainability of the company.
Outfitter type establishments Read the contents of note number1 must have a valid permit and have fulfilled all obligations provided for by the Act respecting the conservation and development of wildlife and its regulationsThis hyperlink will open in a new window..
Not eligible:
companies:
registered in the Register of companies not eligible for public contracts;
under the protection of the Companies ‘ Creditors Arrangement Act This hyperlink will open in a new window.(LRC (1985), c. C-36) or the Bankruptcy and Insolvency ActThis hyperlink will open in a new window.(LRC (1985), c. B-3);
who, during the two years preceding the application for financial assistance, have failed to comply with their obligations after having been duly notified in connection with the granting of previous financial assistance by the MTO;
state-owned companies as well as ministries and agencies of the government of Quebec or Canada.
Financial assistance may not be used to make a payment to any entity in any of the situations in the preceding paragraphs.
Application Steps:
or your request for financial assistance to be studied, you must submit a complete file.
Check if you are part of the eligible customers .
Learn about eligible projects and the project selection process .
Complete the PADAT application form section 1 (PDF 1.30 MB) and prepare the mandatory documents:
business plan, including an executive summary;
financial documents (financial statements for the last three years, interim financial statements, forecast financial statements for the current year and the next full financial year, cash budget, lists of aged accounts receivable and accounts payable with comparison to the previous year, offer of financing or letter of intent from another lender, letter of offer or renewal of credit facilities or up-to-date balances on term loans from a lender to the company, personal balance sheets of shareholders and key executives if applicable;
one or more documents which demonstrate the company’s commitment to a structured approach to sustainable development or corporate social responsibility (CSR) and/or a commitment to favouring sustainable construction principles for the work to be carried out.
In the case of equipment and capital projects, additional documents may be required:
purchase contract or tenders;
external environmental reports, phase 1;
detailed list of equipment with serial numbers;
contract and insurance policy (property).
Before submitting a request for financial assistance, do not hesitate to contact an advisor from Investissement Québec – Tourism Division for assistance in your process.
IQ reserves the right to request any other document or information it deems appropriate.
Submit a request
Before December 31, 2025
IQTourisme@invest-quebec.com
Documentation Needed:
1. Check eligibility as an applicant
2. Learn about eligible projects and the project selection process
3. Completed PADAT application form section 1 (PDF 1.30 MB)
4. Mandatory documents:
– Business plan, including an executive summary
– Financial documents:
– Financial statements for the last three years
– Interim financial statements
– Forecast financial statements for the current year and the next full financial year
– Cash budget
– Lists of aged accounts receivable and accounts payable with comparison to the previous year
– Offer of financing or letter of intent from another lender
– Letter of offer or renewal of credit facilities or up-to-date balances on term loans from a lender to the company
– Personal balance sheets of shareholders and key executives, if applicable
– Documents demonstrating commitment to sustainable development, corporate social responsibility (CSR), or sustainable construction principles
5. Additional documents for equipment and capital projects:
– Purchase contract or tenders
– External environmental reports, phase 1
– Detailed list of equipment with serial numbers
– Contract and insurance policy (property)
IQ reserves the right to request any other document or information it deems appropriate.
Other Things to Note:
Financial assistance can take two forms:
the loan;
the loan guarantee, which consists of a repayment guarantee of up to 70% on the net loss relating to a loan, line of credit or any other financial commitment granted by a lender approved by IQ to a company.
About the author
Maurice
