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MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream - Beaupre - Quebec - Canada
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MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream

Interest-free loan supporting youth acquiring 25% business ownership
MRC La Côte-de-Beaupré
Last Update: March 24, 2026
Funding available
$ 150,000
Timeline
  • Open continuously
Location
Beaupre, Capitale-Nationale, Quebec, Canada

Overview

The Fonds local d’investissement (FLI) – Volet relève provides financial support up to $150,000 in the form of an interest-free loan with a capital repayment holiday for the first year, aiming to assist young individuals in acquiring at least a 25% financial stake in an existing business located within the designated rural area according to the Politique nationale de la ruralité. The program is designed to facilitate significant financial participation for young entrepreneurs in established enterprises.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Complete an acquisition or business transfer
Eligible Funding
  • Maximum amount : 150,000 $
  • Up to 25% of project cost
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • Agriculture, forestry, fishing and hunting
  • Construction
  • Manufacturing
  • Arts, entertainment and recreation
Location
  • La Côte-de-Beaupré
  • Beaupre
  • Capitale-Nationale
  • Quebec
Legal structures
  • For-profit business
  • Sole proprietorship
  • Social economy enterprise
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Youth (<40)

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

The grant supports activities for young entrepreneurs who wish to acquire significant financial participation in existing businesses. These activities are geared towards facilitating ownership transition and enhancing local economic stability.

  • Purchase of shares or equity in an existing company.
  • Securing financial investment to acquire company assets.
  • Co-financing structures to enable leadership succession in a business.
  • Legal and financial advisory services related to the acquisition process.
  • Due diligence activities related to acquiring a 25% or more stake in a company.

Eligibility

Who is eligible?

This grant program is designed to support businesses within the Côte-de-Beaupré region seeking financial solutions to aid in their expansion or overcoming difficulties. Applicants are provided with a variety of funding solutions, including local investment funds, microcredit, and support for autonomous work.

Eligible expenses

  • Interest-free loan financing.
  • Capital repayment holiday for the first year.

Eligible geographic areas

This grant is specifically targeted for companies situated within a certain geographical scope as dictated by the policy.

  • Businesses located within the territory of application defined by the Politique nationale de la ruralité.

Processing and Agreement

  • No specific information about the assessment process after the application is submitted is provided in the supplied content.
  • The document only mentions that the Développement Côte-de-Beaupré team supports entrepreneurs and can assess eligibility for the financing solutions offered.
  • No processing time, decision-making mechanism, or notification step is detailed for this program.

Additional information

Here are additional relevant details for this grant:

  • The interest-free loan aspect allows young entrepreneurs to reinvest savings into the business instead of covering interest payments, potentially accelerating their growth trajectory.
  • The repayment holiday during the first year provides financial relief, allowing the business to stabilize under new ownership and management.
  • The process for seeking this grant may offer networking opportunities with other young entrepreneurs and business mentors in the rural community.

Contacts

418.827.5256

Frequently Asked Questions about the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream Program

Here are answers to the most common questions about the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream?

The Fonds local d’investissement (FLI) – Volet relève provides financial support up to $150,000 in the form of an interest-free loan with a capital repayment holiday for the first year, aiming to assist young individuals in acquiring at least a 25% financial stake in an existing business located within the designated rural area according to the Politique nationale de la ruralité. The program is designed to facilitate significant financial participation for young entrepreneurs in established enterprises.

How much funding can be received?

MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream Funds up to 25% of admissible expenses, capped at $150,000 per project.

Who is eligible for the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program?

To be eligible for the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program, you must: The business must be located within the territory covered by the Politique nationale de la ruralité. The participant must acquire at least 25% equity in an existing company.

What expenses are eligible under MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream?

The grant supports activities for young entrepreneurs who wish to acquire significant financial participation in existing businesses. These activities are geared towards facilitating ownership transition and enhancing local economic stability. Purchase of shares or equity in an existing company. Securing financial investment to acquire company assets. Co-financing structures to enable leadership succession in a business. Legal and financial advisory services related to the acquisition process. Due diligence activities related to acquiring a 25% or more stake in a company.

Who can I contact for more information about the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream?

You can contact MRC La Côte-de-Beaupré or by phone at 418.827.5256.

Where is the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream available?

The MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream program is available Capitale-Nationale, Quebec.

Is the MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream a grant, loan, or tax credit?

MRC La Côte-de-Beaupré — Local Investment Fund (FLI) – Succession Stream is a Loans and Capital investments

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