MRC Les Basques — Local Investment Fund (FLI) / Local Solidarity Fund (FLS)

• Completed and signed application form
• Business plan or detailed project description
• Detailed breakdown of project expenses
• Project financing plan and proof of other funding
• Financial statements and forecasts

Who is eligible?

• For-profit businesses
• Cooperatives
• Non-profit organizations with a social economy activity

Who is not eligible

• Publicly controlled companies or state-owned enterprises
• Businesses under bankruptcy or creditor protection
• Companies in arms, fossil fuels, gambling, violent sports, sexual exploitation, or tobacco/drug sectors
• Businesses focused only on subcontracting or outsourcing operations

Eligible expenses

• Working capital needed to carry out the project
• Equipment, machinery, technology, land, buildings, and vehicle purchases
• Construction, renovation, expansion, and site or premises fit-up
• Professional fees such as feasibility studies, audits, impact studies, and project implementation support
• For succession projects: acquisition of shares or assets and related transaction fees

Ineligible Costs and Activities

• Costs incurred before the application is submitted
• Debt service, loan repayments, and capital replacement
• Research and development expenses
• Normal operating expenses of the business
• Quebec sales taxes

Eligible geographic areas

• MRC des Basques
• Quebec

• Applications are received and processed by the CLD des Basques on behalf of the MRC.
• Files are reviewed for eligibility, analysis, and decision on an ongoing basis.
• Processing continues once the required information and documents are provided.
• Funding decisions depend on available budget and compliance with the investment policy.

• The CLD des Basques provides business support and financing guidance.
• Applications are reviewed continuously once the required information is received.
• Opening fees and annual follow-up fees may apply.