How much funding can be received?

Funds up to 15% of admissible expenses, capped at $250000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Développement Vaudreuil-Soulanges — FSAET?

Développement Vaudreuil-Soulanges — FSAET is funded by Développement Vaudreuil-Soulanges

What are Développement Vaudreuil-Soulanges — FSAET's eligibility criterias?

The project must align with opportunities and issues in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026. The applicant must be an existing tourism enterprise or an entrepreneur developing a new emerging activity, alone or in partnership with an existing tourism business. The equity of the business must achieve at least 15% post-project.

Développement Vaudreuil-Soulanges — FSAET

Last Update: April 3, 2025

QC, Canada

Tourism project loan with potential to convert to funding

Développement Vaudreuil-Soulanges — FSAET at a glance

Eligible Funding

From $10,000 to $250,000
Up to 15% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Arts, entertainment and recreation
Accommodation and food services

Grant Providers

Développement Vaudreuil-Soulanges

Status

Open

Overview of the Développement Vaudreuil-Soulanges — FSAET program

The Développement Vaudreuil-Soulanges — FSAET program offers convertible loans up to $40,000 to support prioritized tourism projects that align with the 2022-2026 development plan. Eligible activities include new tourism ventures in the Vaudreuil-Soulanges area, either independently or in partnership with existing businesses.

Financing terms and conditions

This grant provides a structured financial approach to support key tourism projects in Vaudreuil-Soulanges, with provisions for conversion from a loan to a grant upon meeting certain criteria.

Project costs must be between $20,000 and $250,000.
Loan amounts range from $10,000 to $40,000, subject to fund availability.
A financing rate of 2% applies during the project's operational period, up to 60 months.
Amortization over 60 months is included in the terms.
There is a maximum grace period of 24 months on the principal.
If the project concludes prematurely, the outstanding principal becomes due with an interest rate of 5%.

Eligible projects & activities

The Développement Vaudreuil-Soulanges — FSAET grant provides financial assistance to eligible tourism enterprises in the region for projects that align with regional development plans. The purpose is to enhance and diversify tourism offerings, ensuring sustainable growth.

Tourism projects prioritized in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026.
Initiatives that contribute to the diversification and sustainability of the region's tourism industry.
Projects by existing businesses or new sector entrepreneurs, possibly in partnership with established tourism enterprises.

Examples of admissible projects:

$ 60,000

Offer vocational training for youth in automotive skills

$ 80,000

Launch a technology incubator for local startups

$ 90,000

Develop a community art center offering workshops

$ 40,000

Implement a digital marketing campaign for local artisans

$ 65,000

Expand organic farm with sustainable energy solutions

$ 45,000

Create educational programs for sustainable living practices

Eligibility criteria of the Développement Vaudreuil-Soulanges — FSAET program

The eligibility criteria for this grant focus on aspects related to the applicant's business profile, location, and proposed project alignment.

The business must be a tourism enterprise located within the Vaudreuil-Soulanges territory.
The project must align with the opportunities and challenges outlined in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026.
The applicant can be an existing business or an entrepreneur seeking to develop a new emerging sector, either independently or in partnership with an established tourism company.
The equity of the business post-project must reach 15%, although this requirement may vary based on the project and quality of the promoters.
If in partnership, an agreement must be established for a minimum of three years and submitted with the application.
The business must provide detailed project costs, a timeline for implementation, viable three-year financial projections, and financial statements for the past three years.

Who is eligible?

The Développement Vaudreuil-Soulanges — FSAET program is designed for tourism enterprises located within the Vaudreuil-Soulanges region. Eligible applicants include existing businesses or entrepreneurs seeking to develop a new emerging sector, either independently or in partnership with an existing tourism enterprise. The business must align its project with the development opportunities and challenges identified in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026. Additional requirements include maintaining a minimum 15% equity post-project, and in cases of partnerships, a minimum three-year partnership agreement must be provided. Applicants are also required to present detailed project costs, a timeline, viable three-year financial forecasts, and financial statements from the past three years. Specific commitments apply to project completion and initiation timelines depending on the project's nature.

Who is not eligible

This grant excludes certain companies and industries based on their activities or the nature of their projects. The restrictions are in place to ensure alignment with tourism-focused development objectives.

Real estate development projects without an active tourism link.
Businesses of a religious, sexual, political nature, those involved in gambling and alcohol sales, or any activity that could harm DEV.
Projects with expenses incurred before January 1, 2023.
Companies upgrading in relation to health measures.
Wages and operational expenses of the main business.
Consultancy fees where entrepreneurs have a participation stake, and recurrent expenses.

How to apply to the Développement Vaudreuil-Soulanges — FSAET program

Preparation of the necessary documents

Prepare a detailed project cost.
Develop a clear implementation schedule.
Make viable budget forecasts for three years.
Provide the financial statements for the last three years.
Gather the partnership agreement if applicable.

Filling out the application form

Download and fill out the application form for the Convertible Loan – Tourism Development.

Submission of the request to the organization

Send the completed application form and the required documentation by email to ngagnon@developpementvs.com.

Follow-up and contact

Contact Mrs. Angélique L’Écuyer for additional information if necessary by email at alecuyer@developpementvs.com or by phone at 450 424-2262, extension 3239.

Additional information

Here are additional relevant details for this grant:

DEV holds the discretion to withdraw from the financial arrangement if the project no longer meets the criteria or is altered without their approval.
If the project is terminated before the end of the loan period, the remaining principal amount becomes due and will incur interest at a rate of 5%.