How much funding can be received?

Funds up to 80% of admissible expenses, capped at $11000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Collective recovery support program (PSRC)?

Collective recovery support program (PSRC) is funded by Centre de tranfer d'entreprise du Québec (CTEQ)

What are Collective recovery support program (PSRC)'s eligibility criterias?

The company must have at least one owner wishing to sell their shares within the next five years. The project must involve partial or complete acquisition by creating a cooperative or non-profit organization, including new member adherence. Eligible sectors include manufacturing and digital services, excluding those in financial services, insurance, real estate rentals, or government-owned entities.

Collective recovery support program (PSRC)

grant_single|update February 23, 2025

QC, Canada

Supports collective business acquisitions transforming to cooperatives or nonprofits

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grant_single_labels|terms_and_conditions

grant_single_labels|projects

grant_single_labels|admissibility

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grant_single_labels|summary

grant_single|eligibleFinancing

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grant_single|projectCostPercent

grant_single|deadlines

grant_single|timelineUnspecified

grant_single|financingType

Grant and Funding

grant_single|eligibleIndustries

Manufacturing
Information and cultural industries

grant_single|grantors

Centre de tranfer d'entreprise du Québec (CTEQ)

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grant_card_status|open

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The Collective Recovery Support Program (PSRC) provides a non-repayable financial aid of up to $11,000 to facilitate the transition of businesses to cooperative or non-profit structures. Eligible activities include partial or complete takeover of businesses, asset acquisition for business recovery projects, and transformation into cooperative models, prioritizing sectors like manufacturing and digital industries.

grant_single_labels|terms_and_conditions

Non-repayable financial contribution of up to $11,000 for business sellers ("cédants").
The program supports professional services aimed at facilitating collective business takeovers.
The government's financial assistance cannot exceed 80% of total eligible project costs.
The assistance is granted based on recognized eligible expenses.

grant_single_labels|projects

Partial or complete takeover of a company by employees, clients, suppliers, or users through a cooperative or non-profit organization structure.
Purchase of assets necessary for the revitalization of a business or economic activity belonging to a company.
Transformation of a business into a cooperative or non-profit structure, including the involvement of new members who were not shareholders before the transformation.
Simultaneous or staggered acquisition of multiple private companies by a collective enterprise.

grant_single|admissibleProjectsExample

$ 30,000

Launch of a mobile application for educational purposes

$ 28,000

Start an artisan bakery with gluten-free options

$ 25,000

Develop a sustainable fashion workshop for new designers

$ 35,000

Launch a tech incubator for environmental startups

$ 25,000

Create an online platform for mental health resources

$ 20,000

Establish a community kitchen to enhance food security

grant_single_labels|admissibility

The program is open to businesses where at least one owner wishes to sell their shares within the next five years.
Eligible projects include the partial or complete takeover of a business by a cooperative or a non-profit organization.
The project must include the acquisition of assets necessary for the economic restart of a business or activity.
The transformation to a cooperative or non-profit organization must involve new members who were not shareholders before the transformation.
Simultaneous or deferred acquisitions of multiple private businesses by a collective enterprise can be subject to separate applications.
The program prioritizes businesses in the manufacturing and key tertiary sectors, including digital.
All economic sectors are eligible, except for those with specific exclusions such as businesses on the public contract ineligibility register, financial institutions, insurance sector, and businesses primarily engaged in residential real estate rental or purchase.
Businesses owned more than 50% by a government entity and publicly listed companies are excluded.

grant_eligibility_criteria|who_can_apply

The Collective Recovery Support Program (PSRC) is designed for companies in which at least one owner intends to sell their share within the next five years. Eligible projects include the partial or complete takeover of a business where an owner (holding at least 15% of shares) wishes to sell, the purchase of essential assets for relaunching a business or economic activity, and transforming a company into a cooperative or nonprofit organization (NPO) if new non-shareholding members join the project. The program primarily targets the manufacturing and key tertiary sectors (including digital) but is open to all economic sectors except for those listed in specific exclusions.

grant_eligibility_criteria|who_cannot_apply

Companies registered in the Register of Enterprises Ineligible for Public Contracts (RENA).
Financial institutions and the insurance sector.
Companies whose primary activity (in terms of revenue) involves renting or purchasing residential property, or companies that own only land without any other economic activity.
Companies owned by more than 50% of voting shares by a governmental entity.
Public companies (listed on the stock exchange).
Government entities.

grant_eligibility_criteria|zone

Quebec

grant_single_labels|apply

grant_single_labels|otherInfo

The grant provides non-repayable financial contributions.
The maximum financial assistance available is up to $11,000 for cedants.
At least one of the business owners must plan to sell their shares within the next five years.
The program prioritizes businesses in the manufacturing and key tertiary sectors, including digital.
Businesses excluded from the program include those listed in RENA, financial institutions, insurance, residential real estate, government-owned enterprises, and publicly traded companies.
The cumulative government assistance for a project cannot exceed 80% of the eligible expenses.
To receive reimbursement, applicants must provide proof of payment and meet the submission deadlines.