Développement Vaudreuil-Soulanges — FLI-FLS
Last Update: January 25, 2025
QC, Canada
Financial support for business projects in Vaudreuil-Soulanges
Développement Vaudreuil-Soulanges — FLI-FLS at a glance
Eligible Funding
- Max. $200,000
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- All industries
Grant Providers
- Développement Vaudreuil-Soulanges
Status
Open
Overview of the Développement Vaudreuil-Soulanges — FLI-FLS program
The Développement Vaudreuil-Soulanges — FLI-FLS grant offers funding of up to $200,000 to support viable business creation, expansion, or acquisition, with a focus on economic and employment development in the Vaudreuil-Soulanges area. Eligible activities include capital expenditures, technology acquisition, and working capital needs related to business operations.
Financing terms and conditions
The Fonds locaux d’investissement (FLI-FLS) in Vaudreuil-Soulanges offers financial assistance to support various business projects, acting as a catalyst for obtaining additional funding. This aid is primarily provided in the form of loans, thus serving as a supplementary financing resource.
- Loans target projects requiring investments of less than $200,000.
- Financial aid serves as complementary funding alongside conventional loans from financial institutions or other sources.
- Eligible expenditures include capital investments such as the purchase of buildings, land, equipment, and technology acquisitions, excluding research and development activities.
- Funding also covers working capital needs specifically related to the business's operations.
- The investment policy allows for intervention beyond conventional loans, tailored to the specific needs of each project.
Eligible projects & activities
This fund provides financial aid for business projects that enhance the economic development and employment in Vaudreuil-Soulanges. Eligible projects aim at creating and sustaining viable enterprises through various activities.
- Start-up and expansion of businesses with a focus on economic development.
- Acquisition of a significant ownership stake in existing enterprises for business succession.
- Capital expenditures including the purchase of buildings, land, and equipment.
- Acquisition of technologies and software necessary for business operations.
- Provision for working capital strictly related to the enterprise's operations.
Examples of admissible projects:
$ 15,000
Promotion of local artisan crafts through online marketplace
$ 8,000
Implementation of a zero-waste program in local cafés
$ 14,000
Establishing a digital literacy program for seniors
$ 12,000
Development of sustainable urban garden in the community
$ 35,000
Energy-efficient retrofit of a local community center
$ 25,000
Revitalization of public park through community-led projects
Eligibility criteria of the Développement Vaudreuil-Soulanges — FLI-FLS program
Eligibility for this grant is defined by the company's location and sector of operation, as well as the nature of its business activities.
- The company's head office or operational location must be situated within the territory of Vaudreuil-Soulanges.
- The business must operate within sectors identified as priorities by DEV and the MRC.
- Eligible companies include those in startup or expansion phases, including social economy enterprises.
- Entrepreneurs or groups of entrepreneurs must be willing to acquire at least a 25% significant interest in an existing business for succession purposes.
Who is eligible?
Eligible applicants for the Fonds locaux d'investissement FLI-FLS are businesses with their headquarters or operational location within the Vaudreuil-Soulanges territory. Specifically, this includes startups or expanding companies, as well as entrepreneurs or groups of entrepreneurs seeking to acquire at least a 25% interest in an existing business for succession purposes. These entities must also operate within sectors aligned with the priorities set by DEV and the MRC.
Eligible expenses
The financial assistance can be used for specific types of expenses to support business projects.
- Capital expenditures such as the purchase of buildings, land, equipment, machinery, rolling stock, incorporation fees, and similar expenses, excluding goodwill costs.
- Acquisition of technologies, software, software packages, patents, and similar expenses, excluding research and development activities.
- Working capital needs strictly related to the company's operations.
Eligible geographic areas
This funding opportunity is available to businesses with their head office or operating location within the designated area. The focus is on supporting regional economic growth initiatives.
- Vaudreuil-Soulanges region.
Eligibility criteria of the Développement Vaudreuil-Soulanges — FLI-FLS program
The evaluation and selection criteria for the Développement Vaudreuil-Soulanges — FLI-FLS focus on ensuring the economic viability and potential impact of proposed projects.
- Economic viability of the financed business.
- Knowledge and experience of the promoter in the field, as well as management skills and competencies.
- Economic outcomes of the project in terms of job creation and/or retention.
- Contribution of capital from other sources, emphasizing the involvement of a financial institution and personal investment from the promoters.
How to apply to the Développement Vaudreuil-Soulanges — FLI-FLS program
1
Preparation of the application
- Fill out the application form available on the Développement Vaudreuil-Soulanges website.
- Gather the required documentation that accompanies the application form.
2
Submission of the request
Send the completed application form and the required documents by email to ngagnon@developpementvs.com.
3
For more information
Contact the number 450 424-2262 for additional questions or clarifications related to the request.
Additional information
Here are additional relevant details for this grant:
- The Fonds locaux d ’investissement (FLI-FLS) provides funding mainly through loans, which serve as leverage to secure other financing sources, such as conventional bank loans or subsidies.
- Projects must include a significant capital contribution from the applicant and an institutional financial commitment.
- For inquiries or advice regarding the suitability of the FLI-FLS offer to specific projects, contacting a consultant is recommended.
Contact Développement Vaudreuil-Soulanges
ngagnon@developpementvs.com
4504242262