How much funding can be received?

Funds up to 50% of admissible expenses, capped at $15000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Rouyn-Noranda — FQM Business Succession Program?

Rouyn-Noranda — FQM Business Succession Program is funded by City of Rouyn-Noranda

What are Rouyn-Noranda — FQM Business Succession Program's eligibility criterias?

The business to be acquired must be legally constituted under the laws of Quebec or Canada and have an establishment in Quebec. If the successor is not incorporated, they must be a Canadian citizen or permanent resident. The successor must be linked to a project financed by the Fonds local d'investissement (FLI) of the MRC or the municipality exercising MRC powers.

Rouyn-Noranda — FQM Business Succession Program

Last Update: July 22, 2025

Rouyn-Noranda, QC

Supporting Quebec entrepreneurs in business succession transitions

Rouyn-Noranda — FQM Business Succession Program at a glance

Eligible Funding

Max. $15,000
Up to 50% of project cost

Timeline

Continuous Intakes

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

City of Rouyn-Noranda

Program status

Open

Overview of the Rouyn-Noranda — FQM Business Succession Program program

The Relève entreprise program supports entrepreneurs in business transitions by providing up to $15,000 to cover 50% of costs for specialized services like due diligence, market value assessment, and acquisition agreement preparation. This funding is aimed at entrepreneurs acquiring Quebec-based businesses with support from local investment funds.

Financing terms and conditions

This grant facilitates financial assistance for entrepreneurs engaging in business succession, with specific modalities to support the funding process. The program is structured to maximize accessibility and proper fund allocation.

The aid will cover up to 50% of the total eligible professional service costs incurred, capping at $15,000 per beneficiary, excluding taxes.
A designated amount will be reserved for a project for 4 months, with a possible extension of 2 months, not exceeding a total reservation period of 6 months.
The reimbursement is conditioned on FQM's approval, with a single request allowed per business, and no additional documentation is accepted post-request processing.

Eligible projects & activities

This grant program is aimed at supporting entrepreneurial succession by providing assistance to entrepreneurs acquiring businesses in Quebec. It covers the costs associated with acquiring professional services needed during the business transition process.

Due diligence activities for determining the fair market value of a business.
Preparation of business acquisition agreements.
Professional fees for specialists such as accountants, lawyers, notaries, and HR specialists involved in business succession projects.

Eligibility criteria of the Rouyn-Noranda — FQM Business Succession Program program

Eligibility for this grant is determined by specific requirements related to the acquiring of a business in Quebec.

The business to be acquired must be legally incorporated under the laws of the Government of Quebec or Canada and have an establishment in Quebec.
If the acquirer is not incorporated, they must be a Canadian citizen or a permanent resident.
The acquirer must be linked to a project that has obtained financing from the Local Investment Fund (FLI) of the MRC or the municipality exercising MRC powers. This project may also be supported by the Local Solidarity Fund (FLS).
Accumulation of public aid of the same nature for the same project is not allowed.
The professional solicited for the due diligence process must possess expertise qualifying them to intervene in a business succession project.

Who is eligible?

Entrepreneurs who have obtained financing from a Local Investment Fund (FLI) within a Regional County Municipality (MRC) or a municipality exercising the powers of an MRC and wish to acquire a legally constituted business in Quebec are eligible for this program. This program is open to family members, employees, external buyers, or collective takeovers. However, applicants must also be linked to a project with FLI support, and the business to be acquired must be legally constituted under Quebec or Canadian laws and have an establishment in Quebec. Non-incorporated buyers must be Canadian citizens or permanent residents. Solicitations for professionals conducting business verifications must come from specialists with the necessary expertise for business succession projects.

Eligible expenses

The grant supports covering specific expenses associated with the entrepreneurial transition process.

Due diligence to determine the fair market value of a business.
Preparation of the business transfer agreement.
Professional fees for specialists such as accountants, lawyers, notaries, and human resources specialists with expertise in business succession projects.

Eligible geographic areas

This grant is aimed at entrepreneurs looking to acquire legally constituted businesses located in Quebec. The focus is on fostering business succession within the province's various regional county municipalities (MRCs).

Companies located in Quebec.
Entities operating within a regional county municipality (MRC) in Quebec.

How to apply to the Rouyn-Noranda — FQM Business Succession Program program

Registration on the waiting list

Fill out the form available to express your request and register on the waiting list for the Relève entreprise program.

Submission of the request

Prepare the required documents for the application, including those related to professional expenses and succession projects.
Submit the file through the development services of the MRC or its delegated body.

Waiting and monitoring

Wait for the release of funds and the processing of your request according to the order of the waiting list.
Contact the FQM team for any additional questions via the available form.

Reception of approval and funding

Receive the acknowledgment of receipt from the FQM indicating the reservation of an amount for a specified duration.
After receiving final approval, the authorized amount is disbursed by the MRC or the delegated organization.

Additional information

Here are additional relevant details for this grant:

All available funds for the "Relève entreprise" program are currently reserved, but applicants can join a waiting list.
Funds will be allocated on a first-come, first-served basis as they become available.
The expenses for professional fees in a business succession project will be eligible for reimbursement if engaged before an official application submission, pending future approval.
Acknowledgment of receipt from FQM reserves funds for up to 4 months, extendable by 2 months, up to a total of 6 months.
Only one application per business will be processed; additional documentation cannot be submitted after the initial application is processed.

Apply to this program