Capitalization of Social Economy Enterprises (CAES) — Stream 2 - QC - Canada

Capitalization of Social Economy Enterprises (CAES) — Stream 2

QC, Canada
Financial assistance for social economy enterprises acquisition
grant_single|update March 19, 2025

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|grantStatusClosed
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 Capitalization of Social Economy Enterprises (CAES) — Stream 2 program offers up to $2,000,000 in funding to support the collective acquisition of enterprises, either fully or partially, by eligible cooperatives and non-profit organizations. The program aims to promote social economy business models by financing the purchase of company assets or shares.

grant_single_labels|terms_and_conditions

  • Minimum cash contribution required: 10% of the granted aid.
  • Maximum aid rate: 80% of eligible expenses.
  • Minimum aid amount: $50,000.
  • Maximum aid amount: $2,000,000.
  • Combined government aid rate: 90% of eligible expenses.

grant_single_labels|projects

  • Complete purchase of a company's assets or shares for integration into a social economy enterprise or the formation of a new social economy enterprise.
  • Partial purchase of shares in a company by a cooperative of worker-shareholders (CTA).
grant_single|admissibleProjectsExample

$ 15,000

Developing a community garden for urban sustainability workshops

grant_single_labels|admissibility

  • The applicant must be a non-profit organization (NPO) or a cooperative, federation of cooperatives, or confederation.
  • For a full enterprise purchase (Sub-component 2A), eligible cooperatives include: worker cooperatives, producer cooperatives, consumer cooperatives, solidarity cooperatives, federations, or confederations.
  • The total asset value of the enterprise must be 100 million CAD or less.
  • For a partial share purchase (Sub-component 2B), the applicant must be a shareholder worker cooperative with a total asset value of 100 million CAD or less.
  • Projects must involve the complete acquisition of company assets or shares, ensuring that operations are conducted collectively as a social economy enterprise.
  • There must be a minimum adjusted capitalization ratio of 35% after transaction completion.
  • All capital expenditures, including those related to the complete purchase contract and incidental expenses, are considered eligible.

grant_eligibility_criteria|who_can_apply

  • Non-profit organizations (NPOs)
  • Cooperatives
  • Federations of cooperatives
  • Confederations of cooperatives
  • Worker-shareholder cooperatives (CTA)
  • Cooperative of work
  • Cooperative of producers
  • Cooperative of consumers
  • Cooperative of solidarity
  • Federation or confederation of cooperatives

grant_eligibility_criteria|eligible_expenses

  • Expenditures included in the complete purchase contract of an enterprise, including capital expenditures.
  • Associated costs related to the complete purchase contract.
  • Expenditures included in the partial purchase contract of shares of an enterprise, including capital expenditures.
  • Associated costs related to the partial purchase contract of shares.

grant_single_labels|otherInfo

  • The grant program has been suspended as of December 6, 2024, for an indefinite period to ensure fund availability for contractual obligations.
  • The reception of new applications is currently suspended to manage the budget envelope efficiently and maintain program standards.
  • The minimum contribution required from the beneficiary is 10% of the assistance provided.

Apply to this program

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