MRC Beauce Sartigan — Local funds - RELIEF component
Overview
The Fonds locaux - volet RELÈVE grant aims to support business ownership transfers and succession planning for aging business owners in the MRC de Beauce-Sartigan, offering up to $100,000 for manufacturing projects and up to $50,000 for commerce and service projects. Eligible activities include demonstrating relevant domain experience, acquiring at least 25% of voting shares, providing a 15% cash investment, and proving the project's viability with financial forecasts.
At a glance
Funding available
- Develop employee skills
- Renovate your business/factory
- Maximum amount : 100,000 $
- Up to 20% of project cost
- Open continuously
Eligible candidates
- Manufacturing
- Retail trade
- Beauce-Sartigan
- Chaudière-Appalaches
- Quebec
- For-profit business
- All revenue ranges
- All organization sizes
- Youth (<40)
Activities funded
This grant is targeted at supporting the ownership transition and succession planning for businesses within the MRC of Beauce-Sartigan. Eligible projects include those focused on the transfer of company ownership and preparation for succession as the original owners retire.
- Projects involving the acquisition of at least 25% voting shares of businesses by individuals with relevant knowledge and management skills.
- Projects requiring financial investment in business succession, ensuring a minimum of 15% personal investment of the project cost.
- Manufacturing projects requiring loans up to 20% of project cost, with a maximum of $100,000.
- Commerce and service sector projects requiring loans up to 20% of project cost, with a maximum of $50,000.
Eligibility
Eligibility for this grant is determined by specific requirements related to the applicant's experience, ownership acquisition, financial investment, and project viability.
- The applicant must demonstrate relevant knowledge and experience in the field, as well as management skills.
- The applicant must acquire at least 25% of the participating voting shares of a business whose owners are aging.
- The applicant must make a financial contribution of at least 15% in cash of the project's cost.
- The applicant must demonstrate the project's viability and the capacity for repayment through financial forecasts.
Who is eligible?
This fund aims to support business succession and the preparation for ownership transfer in the MRC de Beauce-Sartigan, targeting businesses whose owners are preparing for retirement.
Eligible geographic areas
This funding program is specifically directed towards businesses located within a distinct region, aligning with targeted economic strategies. The eligible geographical area is tailored to support local enterprises effectively.
- Companies situated in the MRC de Beauce-Sartigan region.
How to apply
Initial Consultation
- Contact an advisor from the Beauce Economic Council for detailed information and support regarding your eligibility.
- Ask questions about the eligibility conditions and submission requirements.
Preparation of the request
- Gather the necessary documents demonstrating the viability of the project and the repayment capacity.
- Clearly describe the project, including its cost, structure, and expected benefits.
- Prepare a financial plan including detailed forecasts.
- Ensure a minimum commitment of 25% of the voting shares of the targeted company.
- Prepare the required funding, which should be at least 15% in cash of the total project cost.
Submission of the request
- Finalize all required documents and forms.
- Submit the complete file to the Beauce Economic Council, by the means indicated during the initial consultation.
Additional information
Here are additional relevant details for this grant:
- This information is subject to change, so consulting with a counselor from the Beauce Economic Council is essential.
- Other conditions may apply, which are not specified in the given information.
- It is possible to contact the Beauce Economic Council at 418 228-8123 for further information.
