Développement Vaudreuil-Soulanges — FSAET
grant_single|update April 3, 2025
QC, Canada
Tourism project loan with potential to convert to funding
grant_single_labels_website|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Arts, entertainment and recreation
- Accommodation and food services
grant_single|grantors
- Développement Vaudreuil-Soulanges
grant_single|status
grant_card_status|open
grant_single_labels_website|preview
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.
grant_single_labels_website|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%.
grant_single_labels_website|projects
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.
grant_single|admissibleProjectsExample
$ 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
grant_single_labels_website|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
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.
grant_single_labels_website|apply
1
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.
2
Filling out the application form
Download and fill out the application form for the Convertible Loan – Tourism Development.
3
Submission of the request to the organization
Send the completed application form and the required documentation by email to ngagnon@developpementvs.com.
4
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.
grant_single_labels_website|otherInfo
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%.
grant_single_labels_website|contact
alecuyer@developpementvs.com