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Source verified July 8, 2026
FORET
Working capital financing for strategic Quebec softwood lumber sawmills
Funding available
$ 5,000,000
Deadline
March 31, 2027
Opened July 7, 2026
Location
Quebec, Canada
Overview
FORET supports strategic Quebec softwood lumber sawmills facing liquidity issues caused by an unfavorable economic context. The program helps businesses maintain operations through working capital financing and supports resilience through strategic investments tied to production diversification, new product commercialization, and market diversification.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 5,000,000 $
- Up to 100% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Quebec
Legal structures
- All legal structures
Annual revenue
- $ 5,000,000 minimum revenue
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Working capital required to maintain operations
- Strategic investments supporting resilience
- Production diversification
- Commercialization of new products
- Market diversification
Eligibility
Who is eligible?
- Quebec softwood lumber sawmills
- Businesses in a group that operates a strategic sawmill in Quebec
- Companies with an establishment and active operations in Quebec for at least 2 years
- Companies operating one or more softwood lumber sawmills
Eligible expenses
- Working capital needs required to maintain company operations
- Justified and reasonable expenses tied to maintaining operations
Selection criteria
- Condition of the sawmill and operational performance
- Competitiveness of supply costs and processing costs
- Strategic importance of the sawmill in the value chain
- Sensitivity of the MRC to the forest industry where the sawmill is located
- Wood supply capacity
How to apply
Contact Sonya Cliche, Directrice principale, Programmes et Financement spécialisé, by email or at 418 222-5774.
Processing and Agreement
- Applications are assessed for admissibility, analysis, and decision by Investissement Québec teams.
- Eligibility does not guarantee financing or create an obligation for Investissement Québec, the MEIE, or the program administrator to provide funding.
Additional information
- The program is administered by Investissement Québec as a mandatary of the Government of Quebec.
- The program ends on March 31, 2027.
- The MEIE and Investissement Québec may suspend the filing and analysis of applications without notice to protect available budget envelope amounts.
- Applicants are invited to consult the program’s normative framework for more information.
Contacts
Frequently Asked Questions about the FORET Program
What is the FORET?
FORET supports strategic Quebec softwood lumber sawmills facing liquidity issues caused by an unfavorable economic context. The program helps businesses maintain operations through working capital financing and supports resilience through strategic investments tied to production diversification, new product commercialization, and market diversification.
How much funding can be received?
FORET Funds up to 100% of admissible expenses, capped at $5,000,000 per project.
What is the deadline to apply?
The application deadline for this grant program is March 31, 2027. Applicants must submit their complete application before this date to be considered for funding.
Who is eligible for the FORET program?
To be eligible for the FORET program, you must:
The applicant must be registered in Quebec and have an establishment in Quebec.
The company must have actively operated in Quebec for at least 2 years.
The company must operate one or more softwood lumber sawmills and have generated at least 5 M$ in revenue in the last 2 years.
What expenses are eligible under FORET?
Working capital required to maintain operations
Strategic investments supporting resilience
Production diversification
Commercialization of new products
Market diversification
Who can I contact for more information about the FORET?
You can contact Investissement Québec (IQ) by email at Sonya.Cliche@invest-quebec.com or by phone at 418 222-5774.
Where is the FORET available?
The FORET program is available the province of Quebec.