Tourist Attractions Development Support Program (PADAT) – Stream 1: Support for the development of tourist attractions
$5,000,000
Grant, Loan, Investment
Description:
Stimulate private investment to renew the tourism offering in Quebec;
Promote the takeover of tourism businesses;
To ensure the growth, development and sustainability of tourism businesses;
Stimulate the regional economy by increasing the number of visitors and increasing tourism revenue;
Increase the economic and social vitality of communities and regions through the development of a sustainable, original and diversified tourist offering.
Comments on Funding:
A repayable contribution in the form of a loan or loan guarantee;
Minimum amount of financial assistance: $150,000;
Maximum amount of financial assistance: $5 million;
A loan guarantee of up to 70% of the net loss;
Minimum contribution from private sources: equivalent to at least 20% of eligible expenses or at least 10% of eligible expenses in the case of a project from a community or an indigenous nation recognized by the National Assembly as well as in the case of a project carried out in the Magdalen Islands;
Financial assistance for a maximum period of 20 years;
A moratorium on capital repayment of up to 36 months;
The financial intervention is subject to the rules for accumulating government assistance, which correspond to a maximum of 50% of the total eligible cost of the project for for-profit businesses, 80% for non-profit organizations (NPOs) and cooperatives and 90% of the total eligible cost for projects of a community or an indigenous nation recognized by the National Assembly or any group of these clienteles, as well as for projects located in the Magdalen Islands.
Applications are accepted on an ongoing basis.
Eligibility:
Your business is eligible if it is a for-profit business, a non-profit organization (NPO) or a cooperative, legally constituted in Quebec as well as the indigenous communities and nations recognized by the National Assembly or any group of these clienteles.
Application Steps:
You must complete and return the form* – financial request – Section 1 accompanied by the documents indicated in the form to: IQtourisme@invest-quebec.com For more information, contact our Reception and Information Service at 1 844 474-6367 .
*Please save the form to your computer before completing it with Adobe Reader (version 10 or higher).
Other conditions may apply.
Documentation Needed:
No specific documents are listed.
Other Things to Note:
Other conditions may apply
About the author
Maurice
