MRC La Matanie — FLI Succession Stream

Q: How much funding can be received?

MRC La Matanie — FLI Succession Stream Funds up to 250000% of admissible expenses.

Q: What is the deadline to apply?

The deadline to apply is not specified.

Q: Is the MRC La Matanie — FLI Succession Stream a grant, loan, or tax credit?

MRC La Matanie — FLI Succession Stream is a Grant and Funding

Q: Who are the financial supporters of the MRC La Matanie — FLI Succession Stream?

MRC La Matanie — FLI Succession Stream is funded by MRC La Matanie

Q: Who is eligible for the MRC La Matanie — FLI Succession Stream program?

To be eligible for the MRC La Matanie — FLI Succession Stream program, you must: • Entrepreneurs or groups of entrepreneurs must be interested in acquiring at least 25% of the value of an existing business. • The business must be located in the MRC de La Matanie territory.

Q: Who can I contact for more information about the MRC La Matanie — FLI Succession Stream?

You can contact MRC La Matanie.

Q: Where is the MRC La Matanie — FLI Succession Stream available?

The MRC La Matanie — FLI Succession Stream program is available the province of QC.

Q: Are startups eligible for the MRC La Matanie — FLI Succession Stream program?

Yes, startups are eligible to apply for the MRC La Matanie — FLI Succession Stream program.

Last Update: July 22, 2025

La Matanie, QC

Grant program offers financial support for business development activities

At a glance

Eligible Funding

Max. $250,000

Timeline

Unspecified

Financing Type

Grant and Funding

Loans and Capital investments

Eligible Industries

Retail trade
Accommodation and food services

Funds Providers

Unspecified

Program status

Open

Overview

The grant program offers up to a maximum funding of $250,000 to support entrepreneurs in acquiring significant stakes in existing businesses, financing business start-ups, expansions, and acquisitions to promote economic development and job creation. Eligible activities include business start-up/expansion, acquisition/transition, professional expertise, commercialization, and other value-driven projects in under-served rural areas.

Financing terms and conditions

The FLI Succession Stream offers targeted financing modalities to support entrepreneurs in acquiring existing businesses, with specific conditions designed to ease the financial burden during the initial phase.

Loan holiday on capital repayment for the first six months.
Interest-free loan period for the first 24 months of the agreement.
Maximum investment cap set at $250,000.

Activities funded

This grant aims to support entrepreneurs in acquiring significant ownership in existing businesses, as well as fostering employment and economic development in the MRC de La Matanie region. The eligible projects focus on business acquisition, support for sustainable job creation, and activities that enhance the overall economic environment.

Acquisition of at least 25% ownership in an existing business.
Projects that finance business succession and continuity.
Initiatives that support sustainable job creation and employment development.
Projects contributing to the economic development of the MRC de La Matanie.

Eligibility

Eligibility for this grant is determined by specific conditions and requirements related to the business profile and project intentions.

The applicant must operate within the territory of the MRC de La Matanie.
Entrepreneurs or groups of entrepreneurs must be looking to acquire at least 25% of an existing business value under the FLI volet Relève.
Eligible projects include business startups, expansion efforts, or business succession/acquisition.
For the Programme d’accompagnement des entreprises (PAE), the focus is on job creation and retention, business consolidation, and innovation support.
Eligible entities for the Programme d’accompagnement des entreprises (PAE) must be within the areas such as retail and restaurant services in underserved rural communities.
Social economy enterprises accredited as non-profit organizations (OBNL) are eligible for local funds under the right conditions.

Who is eligible?

Eligible applicants for the grants include entrepreneurs, groups of entrepreneurs, and companies within the MRC de La Matanie region in Quebec, Canada. Specifically, those seeking support for business creation, expansion, acquisition or succession, employment development, or economic development within the region are targeted. Additionally, accredited social economy organizations formed under Part III of the Quebec Companies Act are also eligible for local funds. Entrepreneurs looking to acquire at least 25% of an existing business are eligible for the FLI Volet Relève.

Eligible expenses

The grant covers specific expenses directly related to various stages and areas of business development and community projects.

Démarrage/Expansion costs for new or growing businesses.
Acquisition/Relève expenses related to business succession or purchase.
Costs for expertise professionnelle such as professional consulting or advisory services.
Commercialisation expenses to promote and sell products or services.
Consolidation costs for strengthening existing business operations.
Support for services in retail and restaurant sectors in underserved rural communities.
Funding via the La Ruche Bas-Saint-Laurent crowdfunding platform for qualifying projects.

Eligible geographic areas

This grant is designated for companies operating within specific regions under the jurisdiction of the MRC de La Matanie. Eligible locations are focused to bolster local economic initiatives.

Companies located in the MRC de La Matanie region.

How to apply

Initial contact

Call the reception at 418 566-4222 for general information about the grant program.
Contact one of the representatives (e.g., Jean Langelier, Dominic Noël, etc.) to discuss your specific needs and obtain preliminary advice.

Analysis of available programs

Evaluate the different available funding programs (e.g., Local Investment Fund, Business Support Program, etc.) to choose the one that best suits your project.
Consult the toolkit or schedule an appointment for more details on each program.

Project Development

Prepare a detailed description of the project including its viability, its impact on employment, and economic development.
Identify the necessary financial resources and develop a comprehensive financing plan.

Compilation of the required documents

Gather all the required documents and information such as financial statements, the business plan, projected budgets, etc.

Submission of the request

Send the complete application to the address provided by the contact of the organization.
Follow up after submission to confirm the receipt and processing of your file.

Additional information

Here are additional relevant details for this grant:

Non-profit organizations must be accredited social enterprises to be eligible for local funds.
For the FLI Relève, there is a repayment holiday on principal for the first six months and interest-free for the first 24 months.
The investment ceiling for the FLI Relève is $250,000.
The MRC de La Matanie structures its financial support in donations and sponsorships based on five strategic areas: social, cultural, environmental, economic, or sporting activities.
Strategic projects require an intersectoral approach and collaboration between multiple municipalities to create impactful economic, social, or cultural outcomes.

Apply to this program

Frequently Asked Questions about the MRC La Matanie — FLI Succession Stream Program

Here are answers to the most common questions about the MRC La Matanie — FLI Succession Stream. 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.