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Collective recovery support program (PSRC)
Support for collective business transfer projects
Last Update: April 9, 2026
Funding available
$ 50,000 - $ 2,000,000
Timeline
- Open continuously
Location
Quebec, Canada
Overview
Financial support of up to 70% of professional fees, with maximum amounts depending on the sub-activity. It supports collective business transfers through financial, organizational, legal, and due diligence assessments, as well as negotiation and drafting of transfer documents.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Improve governance or administrative structure
- Complete an acquisition or business transfer
- Strengthen organizational capacity
Eligible Funding
- Maximum amount : 2,000,000 $
- Minimum amount : 50,000 $
- Up to 80% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Information and cultural industries
Location
- Quebec
Legal structures
- For-profit business
- Social economy enterprise
- Non-financial cooperative
Annual revenue
- $ 100,000,000 maximum revenue
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Partial or full transfer of a business to a collective buyer
- Purchase of assets needed to relaunch a business or economic activity
- Conversion of a business into a cooperative or non-profit organization
Documents Needed
- Completed and signed application form
- Electronic copy of the completed application form
- Project mandate description and cost estimate from the professional(s)
- Documents showing the selected professional’s expertise
- For an unincorporated collective buyer: support organization contract and provisional committee member list
Eligibility
Who is eligible?
- Businesses planning a collective transfer
- Collective buyers such as cooperatives and non-profit organizations
- Worker shareholder cooperatives
- Provisional committees of a collective enterprise
Who is not eligible
- Financial institutions and insurance businesses
- Real estate rental or residential property holding businesses
- Publicly listed companies
- Government entities or businesses majority-owned by a government entity
- Businesses listed in the public contracts ineligible register (RENA)
Eligible expenses
- Professional fees for financial feasibility analysis
- Professional fees for business value assessment
- Professional fees for due diligence and compliance review
- Professional fees for negotiation and drafting of transfer documents
Ineligible Costs and Activities
- Costs outside the professional mandates listed by the program
- Activities not related to the collective transfer process
Eligible geographic areas
- Quebec
Processing and Agreement
- Applications are reviewed by the CTEQ for admissibility and analysis.
- Funding is not guaranteed upon submission.
- Approval depends on program rules and available budget.
- If approved, the applicant must provide intervention reports and final invoices before payment.
- The CTEQ may contact partners to verify that the work was completed.
Additional information
- The program is administered by the CTEQ on behalf of the Government of Quebec.
- Applications may be suspended if budget availability changes.
- Applicants may be invited to a free meeting with a CTEQ regional advisor.
- For unincorporated collective buyers, the aid is paid directly to the selected professional.
Contacts
Frequently Asked Questions about the Collective recovery support program (PSRC) Program
Here are answers to the most common questions about the Collective recovery support program (PSRC). 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 Collective recovery support program (PSRC)?
Financial support of up to 70% of professional fees, with maximum amounts depending on the sub-activity. It supports collective business transfers through financial, organizational, legal, and due diligence assessments, as well as negotiation and drafting of transfer documents.
How much funding can be received?
Collective recovery support program (PSRC) Funds up to 80% of admissible expenses, capped at $2,000,000 per project.
Who is eligible for the Collective recovery support program (PSRC) program?
To be eligible for the Collective recovery support program (PSRC) program, you must:
Business facing a collective transfer
Commercial activity required
Eligible collective buyer structure
What expenses are eligible under Collective recovery support program (PSRC)?
Partial or full transfer of a business to a collective buyer
Purchase of assets needed to relaunch a business or economic activity
Conversion of a business into a cooperative or non-profit organization
Who can I contact for more information about the Collective recovery support program (PSRC)?
You can contact Centre de tranfer d'entreprise du Québec (CTEQ) by email at info@ctequebec.com or by phone at 1 844 200-2837.
Where is the Collective recovery support program (PSRC) available?
The Collective recovery support program (PSRC) program is available the province of Quebec.
Is the Collective recovery support program (PSRC) a grant, loan, or tax credit?
Collective recovery support program (PSRC) is a Partnering and Collaboration