Group Entrepreneurship Capital Program
grant_single|update January 24, 2025
QC, Canada
Provide vital financial support to social economy enterprises for real estate projects, facilitating growth while limiting debt
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDate August 9, 2024
- grant_single|closingDate October 15, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Investissement Québec (IQ)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
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
This grant provides significant financial support to social economy enterprises for real estate projects, facilitating reduced financial strain and increased access to suitable facilities for their operations.
- Non-repayable financial contribution.
- Financial assistance covers up to 50% of eligible expenses, up to a maximum of $500,000.
- Total government financial aid must not exceed 80% of the project's eligible expenses.
grant_single_labels|projects
This grant supports social economy enterprises in Quebec by financing real estate projects essential for economic development and collective missions. Eligible activities include renovations, constructions, and acquisitions tailored to business needs.
- Renovation: Refurbishment, improvement, restoration, or upgrading of a building used for the production, sale, or service of goods and services.
- Construction: Building, expanding, recycling, or reconstructing facilities dedicated to business operations.
- Acquisition: Purchasing premises to enhance production or services offered by the enterprise.
grant_single|admissibleProjectsExample
$ 100,000
Renovating a community center to enhance its services and sustainability features
$ 250,000
Acquiring a new building for a non-profit theater company to expand its outreach programs
$ 250,000
Acquisition of a building to establish a cooperative workspace for freelancers and small businesses
$ 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
Eligibility for this grant is determined by specific requirements related to the applicant's business structure and activities.
- The applicant must be a social economy enterprise as defined under the Social Economy Act (RLRQ, chapitre E1.1.1).
- The enterprise must have over 40% of its financial viability based on autonomous revenue in the last financial year.
- For startups operating for less than 2 years, a business plan or project summary with financial projections for 24 months must demonstrate achieving the 40% revenue threshold by project completion.
- The business must be registered in Quebec, have a permanent establishment, and actively conduct business in the province, irrespective of its constituting law (whether from Quebec or elsewhere).
- Sectors ineligible for selection include financial and insurance services, animal services, and beverage outlets.
- Non-eligible organization types include professional or employer associations, religious organizations, unions, chambers of commerce, political parties, public and private foundations, trusts, sports teams, student associations, and private educational institutions at any level.
grant_eligibility_criteria|who_can_apply
Social economy enterprises that derive at least 40% of their financial sustainability from autonomous revenue generated from their economic activities within the last fiscal year are eligible to apply for the Programme d’immobilisation en entrepreneuriat collectif (PIEC). These enterprises must be registered in Quebec, have an establishment, and actively conduct operations in the region, regardless of their constituting law (from Quebec or elsewhere). For start-up enterprises operational for less than two years, they must provide a business plan or project summary and financial projections over 24 months to demonstrate that this 40% threshold will be reached by the end of the project.
grant_eligibility_criteria|who_cannot_apply
This grant excludes specific types of organizations and sectors due to their status or main activity, ensuring funding alignment with the program's objectives.
- Professional and employer groupings.
- Religious organizations.
- Labor unions.
- Chambers of commerce.
- Political parties.
- Public and private foundations as defined by the Income Tax Act of Canada.
- Trusts.
- Sports teams.
- Student associations.
- Private primary, secondary, and postsecondary educational institutions.
grant_eligibility_criteria|eligible_expenses
The grant focuses on the support of real estate projects that advance the economic activities and missions of social economy enterprises. These projects aim to provide buildings better suited to the needs of these enterprises without increasing their debt burden.
- Renovation: Refurbishing, improving, restoring or bringing buildings up to code for the production, sale, or provision of goods and services.
- Construction: Building, expanding, recycling, or reconstructing premises for economic production, sales, or service delivery.
- Acquisition: Purchasing buildings used for economic production, sales, or service delivery.
grant_eligibility_criteria|zone
This grant is available to companies that are registered and have an establishment actively operating in Quebec, as stipulated in the eligibility criteria mentioned.
- Companies must be registered within the province of Quebec, Canada.
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for this grant. The criteria ensure that the projects align with the program's objectives and demonstrate financial and operational viability.
- Compliance with the definition of a social economy enterprise under the Law on Social Economy (RLRQ, chapter E1.1.1).
- Financial viability relying on at least 40% of autonomous income from economic activities in the last financial year.
- Immatriculation and active establishment in Quebec.
- A viable business plan or project summary with financial forecasts for 24 months (for startups).
- Projects addressing necessary developments for the economic activities and collective mission.
- Complementary financial assistance with other partners and available funding sources.
- Adherence to restrictions on non-eligible project types like housing, healthcare accommodations, and exclusive animal facilities.
grant_single_labels|apply
- Step 1: Verify Eligibility and Prepare Documentation
- Contact an expert at 1 844 474-6367 to confirm the eligibility of your enterprise and project.
- Prepare the required documents, including the company's statutes, regulations, financial statements, business plan, or project summary with financial forecasts for startups.
- Step 2: Register with clicSÉQUR – Entreprises
- Create a clicSÉQUR – Entreprises account if you do not have one.
- Refer to the resources on how to register an enterprise with clicSÉQUR to open an account.
- Enroll for the services offered by the Ministry.
- Be aware that account creation may take up to four weeks.
- Step 3: Prepare and Submit Application
- Log in to the client portal using your clicSÉQUR – Entreprises account.
- Complete the online application form via ClicSEQUR.
- Ensure all project details are accurate and upload the necessary documents, including at least one comprehensive estimate of the proposed works.
- Submit the completed application through the portal.
- Step 4: Confirmation of Submission
- Verify submission confirmation and keep records of any confirmation receipt or application number provided.
grant_single_labels|otherInfo
The Programme d’immobilisation en entrepreneuriat collectif (PIEC) provides financial support to social economy enterprises for real estate projects, aiming to limit debt and enhance access to financing.
- The PIEC is part of the 2020-2025 Government Action Plan for the Social Economy.
- All sectors except financial services, animal services, and beverage services are eligible.
- Evaluation includes necessity for economic activity development and complementary financial support.
- Applications must be submitted between August 9 and October 15, 2024.
- Potential applicants are advised to contact an expert before application submission to preliminarily confirm eligibility.
- A PIEC financial aid cannot be combined with other MEIE program aids for the same project.
- Application portal requires a clicSÉQUR – Entreprises account, and registration may take up to four weeks.
- The maximum financial aid is up to 50% of admissible expenses, capped at CAD 500,000.
- State financial viability must be more than 40% derived from autonomous activities in the past financial year.
grant_single_labels|contact
1-844-474-6367
Apply to this program
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