How much funding can be received?

Funds up to 50% of admissible expenses, capped at $150000 per project.

What is the deadline to apply?

The deadline to apply is 2025-12-31T23:59:59Z.

Who are the financial supporters of the Local investment fund?

Local investment fund is funded by Gouvernement du Québec, Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)

What are Local investment fund's eligibility criterias?

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).

Local investment fund

grant_single|update April 18, 2025

QC, Canada

Loans for entrepreneurs in Quebec

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grant_single|openingDate January 1, 2023
grant_single|closingDate December 31, 2025

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Loans and Capital investments

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Gouvernement du Québec
Ministère de l'économie, de l'innovation et de l'énergie du Québec (MEIE)

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

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The maximum financial assistance is up to 50% of eligible expenses for for-profit enterprises.
For social economy enterprises, the maximum assistance can reach up to 80% of eligible expenses.
The total amount of government financial aid may not exceed 50% of the total project cost, except for social economy enterprises, where it may reach up to 80%.
The maximum amount of financial aid is $150,000 for a twelve-month period.
It is possible for projects to receive more than $150,000 in aid at the discretion of the Government of Quebec.
Each project must include a minimum contribution (equity investment) from the promoters or the enterprise that is equal to 15% of the total project cost.

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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.

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$ 150,000

Launching an artisan bakery with digital solutions

$ 100,000

Digitizing the wholesale inventory management system for a small business

$ 150,000

Scaling up a local organic farm by acquiring new machinery

$ 150,000

Acquiring a 30% stake in a childcare center

$ 150,000

Opening a new eco-friendly co-working space

$ 150,000

Establishing a community arts center with digital workshops

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The applicant must be a legally constituted for-profit business under the laws of the Government of Quebec or Canada, or a collective enterprise (cooperative or non-profit with commercial activity).
The organization must be legally constituted in Quebec, conduct business in Quebec, and operate an enterprise there, regardless of its constitutive law.
The applicant must not be, or use the services of, subcontractors listed on the Registry of Enterprises Ineligible for Public Contracts (RENA).
The applicant must have met all prior financial aid obligations from the Government of Quebec or a regional county municipality (MRC) for at least two years.
The applicant must not be a state corporation, or controlled directly or indirectly by a government (municipal, provincial, or federal), a municipal entity, or a company majority-owned by a state corporation.
The applicant must not be undergoing bankruptcy or insolvency proceedings.
The applicant must comply with the investment policy of the relevant MRC.
The applicant must not have committed ethical violations or offer products/services that could harm the integrity or reputation of the Government of Quebec.

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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

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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.

grant_eligibility_criteria|eligible_expenses

This grant offers financial support to local entrepreneurship initiatives through various types of projects. Eligible projects are tailored to enhance business commencement, transformation, growth, and entrepreneurial succession.

Start-up business projects for companies operational for less than two years and entering commercialization phases.
Business improvement and transformation projects for companies operational in Quebec for at least one year, focusing on productivity improvement, digital transformation, and sustainable practices implementation.
Business growth and expansion projects for companies operational in Quebec for at least two years, fostering growth and investment realization.
Entrepreneurial succession projects aiding entrepreneurs in acquiring a significant stake in existing businesses for future leadership.

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

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The evaluation and selection process for this grant is managed by the Municipal Regional Counties (MRC), and it involves determining the eligibility, analysis, and decision on financial assistance requests. Specific criteria are applied to assess the suitability of the projects for funding.

Eligibility of the enterprise based on legal constitution requirements
Compliance with past financial assistance obligations from the government or MRC
Adherence to ethical standards and avoidance of conflicts with the integrity of the government
Suitability of the project type (startup, improvement, transformation, growth, expansion, or entrepreneurial succession)
Admissibility of the projected expenses
Applicant's financial contribution of at least 15% of the total project cost
Compliance with the policy of the MRC managing the fund
Potential for meeting local economic development objectives

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Additional details to consider when applying for the Fonds locaux d’investissement:

The financial aid does not include subsidies, sponsorships, donations, or similar expenses, focusing instead on various forms of loans or equity participation.
The maximum aid rate is 50% of eligible expenses for for-profit companies and 80% for social economy enterprises.
Government aid, in total, should not exceed 50% of the total project cost, except for social economy companies where it can reach up to 80%.
The maximum aid amount is $150,000 for a 12-month period, although exceptions can be made at the Quebec government's discretion.
Financing must include a minimum contribution (equity) by promoters or the company, equivalent to 15% of the project's total cost.
The procedures and policies of local investment funds are managed by MRCs and may vary according to their investment policies.