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Local investment fund - Quebec - Canada
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Local investment fund

Loans for entrepreneurs in Quebec
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)
Gouvernment of Québec
MRC de Coaticook
Last Update: March 6, 2026
Funding available
$ 150,000
Timeline
  • Open Date : November 14, 2019
Location
Québec, Quebec, Canada

Overview

Loans and loan guarantees to start or expand a business, or purchase at least 25% of an existing business, in Quebec.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Develop an online presence
  • Reduce environmental footprint
Eligible Funding
  • Maximum amount : 150,000 $
  • Up to 50% of project cost
Timeline
  • Open Date : November 14, 2019

Eligible candidates

Eligible Industries
  • All industries
Location
  • Québec
  • Quebec
Legal structures
  • For-profit business
  • Social economy enterprise
  • Non-financial cooperative
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Startup projects for new businesses in the commercialization phase.
  • Projects focused on business improvement and transformation, including productivity enhancement, digital transformation acceleration, and implementation of sustainable organizational practices.
  • Business growth and expansion projects, supporting investment in the expansion of established enterprises.
  • Entrepreneurial succession projects involving the acquisition of significant ownership or assets for business succession and continuity.

Eligibility

Who is eligible?

  • For-profit companies legally incorporated under the laws of Quebec or Canada
  • Collective enterprises such as cooperatives with commercial activity
  • Non-profit organizations (NPOs) with commercial activity

Who is not eligible

  • State-owned enterprises or companies directly or indirectly controlled by a government (municipal, provincial, or federal).
  • Entities controlled by a municipal entity.
  • Companies majority-owned by a state-owned enterprise.
  • Companies or subcontractors registered on the Register of enterprises ineligible for public contracts (RENA).
  • Businesses in a situation of bankruptcy or insolvency.
  • Organizations that have not fulfilled obligations related to previous financial aid from the Government of Quebec or the Regional County Municipality (MRC) for at least two years.
  • Businesses engaged in unethical conduct or offering products or services that may compromise the integrity or probity of the Government of Quebec.
  • Companies not eligible under the investment policy of the respective MRC.

Eligible expenses

  • Additional working capital required for the project, justified and reasonable, for up to two years.
  • Capital expenditures directly related to project execution, including acquisition of technology, land, buildings, equipment, machinery, and rolling stock.
  • Construction, expansion, renovation, and layout of land and premises directly tied to the project.
  • Professional fees for activities prior to project execution, such as feasibility analyses, external audits, or impact studies.
  • Professional fees directly related to implementing technologies, equipment, machinery, or developing premises.
  • Acquisition costs for business ownership (voting shares or equity) and assets in cases of business succession.
  • Professional fees directly related to the transaction, acquisition, and management transfer for business succession.

Eligible geographic areas

  • All regions and municipalities within the province of Quebec, as managed by their respective Regional County Municipalities (MRCs) or local economic development organizations.

Additional information

  • Management and specific terms of the Local Investment Fund may vary depending on the policy of each Regional County Municipality (MRC).
  • The assistance modalities are in effect until December 31, 2025.
  • The most recent update to the program details was published on June 22, 2023.

Documents and links

Local investment fund

Frequently Asked Questions about the Local investment fund Program

Here are answers to the most common questions about the Local investment fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Local investment fund?

Loans and loan guarantees to start or expand a business, or purchase at least 25% of an existing business, in Quebec.

How much funding can be received?

Local investment fund Funds up to 50% of admissible expenses, capped at $150,000 per project.

Who is eligible for the Local investment fund program?

To be eligible for the Local investment fund program, you must: The business must be legally constituted under the laws of Quebec or Canada. Collective enterprises, such as cooperatives or non-profit organizations with commercial activities, are eligible. The organization must not be listed in the Register of Ineligible Enterprises for Public Contracts (RENA).

What expenses are eligible under Local investment fund?

Startup projects for new businesses in the commercialization phase. Projects focused on business improvement and transformation, including productivity enhancement, digital transformation acceleration, and implementation of sustainable organizational practices. Business growth and expansion projects, supporting investment in the expansion of established enterprises. Entrepreneurial succession projects involving the acquisition of significant ownership or assets for business succession and continuity.

Who can I contact for more information about the Local investment fund?

You can contact Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE).

Where is the Local investment fund available?

The Local investment fund program is available Québec, Quebec.

Is the Local investment fund a grant, loan, or tax credit?

Local investment fund is a Loans and Capital investments

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