How much funding can be received?

Funds up to 50% of admissible expenses, capped at $500000 per project.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Group Entrepreneurship Capital Program?

Group Entrepreneurship Capital Program is funded by Investissement Québec (IQ)

What are Group Entrepreneurship Capital Program's eligibility criterias?

The applicant must be a social economy enterprise registered in Quebec. Financial viability must rely on over 40% self-generated revenues from economic activities. Active business operations and physical presence in Quebec are required.

Group Entrepreneurship Capital Program

grant_single|update May 4, 2025

QC, Canada

Funding for social enterprises’ building renovation, construction, or acquisition

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grant_single_labels|terms_and_conditions

grant_single_labels|projects

grant_single_labels|admissibility

grant_single_labels|apply

grant_single_labels|otherInfo

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grant_single_labels|summary

grant_single|eligibleFinancing

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grant_single|deadlines

grant_single|openingDate August 9, 2024
grant_single|closingDate October 15, 2024

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Grant and Funding

grant_single|eligibleIndustries

Finance and insurance
Health care and social assistance
Other services (except public administration)
Public administration

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Investissement Québec (IQ)

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grant_card_status|closed

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The Programme d’immobilisation en entrepreneuriat collectif (PIEC) aims to support social economy enterprises in Québec in their real estate projects, including renovation, construction, and acquisition of buildings, to enhance their business development and service offerings. Eligible projects must demonstrate necessity for economic activities and complementarity with other funding sources, with financial assistance covering up to 50% of the project's eligible expenses, up to a maximum of $500,000.

grant_single_labels|terms_and_conditions

Non-repayable financial contribution covering up to 50% of eligible project expenses.
Maximum funding per project is $500,000.
Total government financial assistance for the project must not exceed 80% of eligible expenses.
Equipment purchase and installation costs can represent up to 40% of total eligible costs.

grant_single_labels|projects

Renovating, improving, restoring, or updating buildings used for the production, sale, or delivery of goods and services.
Constructing, expanding, recycling, or rebuilding buildings used for business operations or service delivery.
Acquiring buildings to support the growth and development of business activities and collective missions.

grant_single|admissibleProjectsExample

$ 100,000

Renovating a community center to enhance its services and sustainability features

$ 250,000

Acquisition of a building to establish a cooperative workspace for freelancers and small businesses

$ 250,000

Acquiring a new building for a non-profit theater company to expand its outreach programs

$ 85,000

Renovating an incubator space for local start-ups to enhance business services

$ 175,000

Constructing a new facility for a cooperative bakery to increase production capacity

$ 105,000

Expanding a non-profit daycare center to accommodate more children and increase accessibility

grant_single_labels|admissibility

The applicant must be a social economy enterprise as defined by Quebec law, with more than 40% of its financial viability based on autonomous revenues from economic activities in the last fiscal year.
The enterprise must be registered in Quebec, have an establishment in Quebec, and actively conduct activities there, regardless of its jurisdiction of incorporation.
For start-ups in operation for less than two years, a business plan or project summary with 24-month financial forecasts must demonstrate that the 40% autonomous revenue threshold will be reached by project completion.
The project must involve the renovation, construction, or acquisition of a building necessary for the enterprise’s economic development and collective mission.
The financial assistance must be complementary to existing funding from other partners and sources.

grant_eligibility_criteria|who_can_apply

Social economy enterprises as defined by the Loi sur l’économie sociale (RLRQ, chapitre E1.1.1)
Organizations from all sectors except excluded industries (such as financial and insurance services, animal services, bars, etc.)

grant_eligibility_criteria|who_cannot_apply

Professional associations.
Employers' associations.
Religious organizations.
Labor unions.
Chambers of commerce.
Political parties.
Public and private foundations as defined by the Canadian Income Tax Act.
Trusts.
Sports teams.
Student associations.
Private primary, secondary, and post-secondary educational institutions.
Companies in the following sectors: financial and insurance services, animal services, and beverage service (with specific restrictions for alcohol-producing collectives).

grant_eligibility_criteria|eligible_expenses

Costs for upgrading, expanding, renovating, constructing, or acquiring buildings.
Land acquisition costs for new building construction projects.
Preparatory studies (such as environmental or soil analyses).
Professional fees (architecture, engineering, surveying, notary, or specialized firms for asbestos and material inspection).
Purchase and installation of equipment (up to 40% of total eligible costs).
Costs related to eco-construction (such as geothermal installation).
Costs for integrating art into building architecture, as per public policy requirements.
Construction contingencies, indexation costs, remoteness factors, and risk reserves.

grant_eligibility_criteria|zone

Quebec

grant_single_labels|apply

Confirm eligibility with an expert

Contact an expert at 1 844 474-6367 to confirm project and organization eligibility
Understand that this confirmation is preliminary and not an approval of funding

Prepare necessary documentation

Consult the application presentation guide for instructions
Identify all supporting documents required for your application

Ensure your business has a clicSÉQUR – Entreprises account
Register for services with the Ministry if not already done
Allow up to four weeks for account creation if needed

Complete and upload application form

Complete the online financial assistance application form via clicSÉQUR
Attach all required documents (corporate bylaws, financial statements, business plan if applicable, annual report, budget forecasts, estimates for planned work, lease agreement if relevant, and other mandatory documents)

Submit application within deadline

Submit your completed application between August 9 and October 15, 2024
No applications accepted before or after this period

grant_single_labels|otherInfo

The submission period for new applications was from August 9 to October 15, 2024; no new applications can be submitted outside this timeframe.
The programme is under renewal following its closure on March 31, 2025.
Only one application may be submitted per project, and duplicate submissions to multiple related programs are not permitted; applicants must select the relevant program based on eligibility.
For projects eligible under the Policy for the Integration of Arts into Architecture, proof of compliance must be included with required documentation for final disbursement.