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Collective recovery support program (PSRC)
Last Update: March 4, 2026
Quebec, Canada
Supports collective business acquisitions transforming to cooperatives or nonprofits
Expert Advice
Overview
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.
At a glance
Funding available
Financing goals
- Strengthening governance
- Buying or selling a company
Eligible Funding
- Maximum amount : 11,000 $
- 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
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Activities funded
- 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.
Examples of admissible projects:
$ 28,000
Start an artisan bakery with gluten-free options
$ 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
$ 25,000
Develop a sustainable fashion workshop for new designers
$ 30,000
Launch of a mobile application for educational purposes
Eligibility
- 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.
Who is eligible?
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.
Who is not eligible
- 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.
Eligible geographic areas
- Quebec
How to apply
1
Consultation of eligible companies
Consult the list of companies for which at least one of the owners wishes to sell their shares in the next five years.
2
Assessment of needs and identification of specialists
- Assess your needs and identify the specialist who will carry out the necessary work.
- Identify funding sources to cover the bill. (Note: the total of government aid cannot exceed 80%.)
3
Completion of Form Section 1
Complete the required form for the application.
4
Collection of additional documents
Gather all the necessary supporting documents to complete the application.
5
Submission of the application
Submit the form and all required documents to the program.
6
Contact by a CTEQ advisor
A consultant from the Quebec Business Transfer Centre (CTEQ) will contact the applicant for the next steps.
7
Analysis of the file
The CTEQ is analyzing the submitted file.
8
Communication of the decision
The CTEQ communicates its decision to the applicant regarding eligibility for funding.
9
Membership in the CTEQ
The applicant fulfills their membership to the CTEQ if the decision is favorable.
10
Provision of results and proofs of payment
- Provide the CTEQ with the result of the work done by the professional, the final invoice, and proof of payment.
- Ensure that this step is completed within the given deadlines to guarantee eligibility for reimbursement.
11
Direct deposit registration
Sign up for direct deposit to facilitate the receipt of financial aid.
12
Analysis of the final documents
The CTEQ analyzes the documents provided to finalize the application process.
13
Disbursement of the grant
The CTEQ awards the grant to the applicant by calculating it based on eligible expenses and the maximum aid rate.
Additional information
- 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.
Contacts
+1 844 200-2837
