How much funding can be received?

Funds up to 5% of admissible expenses, capped at $25000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Rouyn-Noranda — Structuring Projects Fund (FPS)?

Rouyn-Noranda — Structuring Projects Fund (FPS) is funded by City of Rouyn-Noranda

What are Rouyn-Noranda — Structuring Projects Fund (FPS)'s eligibility criterias?

The business must have its headquarters and activities located in Rouyn-Noranda. The applicant must be active in the primary, manufacturing, tourism, or motor tertiary sectors. The application can be for starting a new business or acquiring an existing one.

Rouyn-Noranda — Structuring Projects Fund (FPS)

Last Update: January 24, 2025

Rouyn-Noranda, QC

Rouyn-Noranda business financial support through FPS loans

Rouyn-Noranda — Structuring Projects Fund (FPS) at a glance

Eligible Funding

Max. $25,000
Up to 5% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting
Manufacturing
Arts, entertainment and recreation
Accommodation and food services

Grant Providers

City of Rouyn-Noranda

Status

Open

Overview of the Rouyn-Noranda — Structuring Projects Fund (FPS) program

The Fonds projets structurants (FPS) is a financial tool established by CLD Rouyn-Noranda to support the start-up, growth, and succession of businesses located in Rouyn-Noranda, offering loans up to $25,000. It targets entrepreneurs in primary, manufacturing, tourism, or tertiary sectors for both new ventures and acquisitions.

Financing terms and conditions

The Fonds projets structurants (FPS) provides strategic financial support to businesses based in Rouyn-Noranda, enabling them to thrive in primary, manufacturing, tourism, or tertiary sectors. The fund offers targeted loan facilities to foster business growth and sustainability.

Financial support is provided in the form of loans up to $25,000, repayable over a maximum period of five years.
A portion of the loan, amounting to 5%, may be converted into a non-repayable contribution, contingent upon meeting specific conditions.
The FPS is complementary to the FLI-FLS, allowing combined access to loans of up to $275,000.

Eligible projects & activities

This fund aims to stimulate the start-up, growth, and succession of businesses located in Rouyn-Noranda. Eligible activities cover a range of sectors from primary industries to tourism.

Start-up of new businesses in the primary, manufacturing, tourism, or key tertiary sectors.
Growth initiatives for existing businesses to expand operations or enter new markets.
Business succession planning and support for the transfer of ownership.
Activities related to the acquisition of established businesses.

Eligibility criteria of the Rouyn-Noranda — Structuring Projects Fund (FPS) program

The eligibility criteria for the Fonds projets structurants (FPS) grant delineate the applicant's location and industry sector.

The applicant's business headquarters and activities must be located in Rouyn-Noranda.
The applicant must be active in the primary, manufacturing, tourism, or "tertiary economic driving" sectors.
The applicant may be starting a new business or acquiring an existing one.

Who is eligible?

The FPS is designed for entrepreneurs and businesses with headquarters and activities located in the Rouyn-Noranda area, focusing on startups, growth, and business succession in primary, manufacturing, tourism, or key tertiary sectors.

How to apply to the Rouyn-Noranda — Structuring Projects Fund (FPS) program

Registration with advisory services

Contact a CLD Rouyn-Noranda advisor by phone (819 762-0142) or by email (info@cldrn.ca).
Make an appointment online to discuss your project and receive personalized advice.

Preparation of the request

Analyze the details and eligibility conditions of the FPS available in the explanatory document provided by the CLD.
Prepare a comprehensive description of the project, highlighting its potential impact and relevance in the targeted sectors (primary, manufacturing, tourism, or tertiary driver).
Compile the necessary documents to accompany your application, such as financial projections and the business plan.

Submission of the application

Submit your application and all required documents to CLD Rouyn-Noranda, either by email, in person, or by any other means indicated by the advisor.

Additional information

Business start-up initiatives in the primary activities sector.
Expansion projects for existing manufacturing businesses.
Development of tourism-centric businesses to enhance local attractions.
Growth of tertiary sector businesses that are crucial to the local economy.

This grant is specifically available to companies located in a defined geographical area managed by the local development center.

Companies whose headquarters and business activities are located on the territory of Rouyn-Noranda.

Contact City of Rouyn-Noranda

info@cldrn.ca

Apply to this program

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