Îles-de-la-madeleine — Business support policy (PSE)

• Application form available on the Municipalité des Îles-de-la-Madeleine website
• Business plan, detailed business model, or succession plan
• Three-year financial forecasts
• Financial statements for the last three years, or more if there is a deficit year
• Curriculum vitae, constituting documents of the legal entity, and the board or shareholder resolution authorizing the application

Who is eligible?

• Individuals seeking to start or acquire a business.
• Private businesses.
• Social economy enterprises.
• Cooperatives.
• A management company formed of natural persons who meet the promoter conditions.

Who is not eligible

• Private businesses in the financial sector.
• Enterprises listed in the Registre des entreprises non admissibles aux contrats publics.
• Enterprises that failed, in the two years before the application, to respect obligations related to previous financial aid after being duly notified.
• Financial cooperatives.

Eligible expenses

• Capital expenses for start-up, such as land, buildings, equipment, machinery, incorporation fees, and similar costs, excluding goodwill and rolling stock.
• Technologies, software, progiciels, patents, and similar costs.
• Professional fees for financial forecasts and feasibility studies required for the project.
• For succession, acquisition of voting shares, parts, or assets of the business, including professional service fees directly related to the transaction.
• For expansion or diversification, external and independent professional fees, equipment, materials, and inventory directly related to the project.

Ineligible Costs and Activities

• Expenses incurred before the official application is received by the Communauté maritime des Îles.
• Operating expenses, debt service, and repayment of existing or future loans.
• Expenses intended to move a business or part of its production outside the municipality where it is established, unless the municipality consents.
• Personal care services, traditional liberal professions subject to professional orders, acquisition of fishing licenses, and the simple purchase of a business.
• Real estate and housing projects, except tourist accommodation projects; retail or restaurant support, except a proximity business not admissible under the FRR Volet commerces de proximité; and projects or businesses with a discriminatory, controversial, reputational-risk, sexual, religious, or political character.

Eligible geographic areas

• Companies with their head office or principal place of business located on the territory of the Communauté maritime des Îles-de-la-Madeleine.

• Projects must obtain at least 60% on the project analysis grid.
• Alignment with the orientations of the Horizon 2025 territorial project.
• Growth of the targeted sector or market and competition in the relevant sectors.
• Management capacity, financial structure, financial ratios and forecasts, and operational risks.
• Project quality, innovative character, and impact on employment and economic activity.

• Complete the registration form available on the Municipalité des Îles-de-la-Madeleine website.
• Submit the form and the documents indicated in the procedure so the project can be analyzed.

• If a dossier is refused, the promoter receives a signed letter from the Direction générale and may submit written observations within 30 days; if new and relevant elements are provided, the file may be reanalyzed.
• All retained projects require a protocol of agreement between the beneficiary and the Communauté maritime des Îles-de-la-Madeleine, including payment conditions, obligations, and collaboration in government data collection related to the Fonds régions et ruralité.
• The agreement is signed within 30 days after acceptance once financing is attached and permits are received.
• The promoter has up to 12 months to meet the preconditions, with an additional justified delay possible.
• Any amendment to the agreement must be formalized, and failure to meet obligations may lead to repayment of all or part of the aid.