How much funding can be received?

Funds up to 50% of admissible expenses, capped at $225000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS)?

MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS) is funded by MRC Charlevoix

MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS)

Q: What are MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS)'s eligibility criterias?

The business to be acquired must be legally constituted under the laws of Quebec or Canada and have a location in Quebec. The acquirer, if not incorporated, must be a Canadian citizen or permanent resident. The acquirer must be linked to a project that has received financing through the FLI of an MRC or municipality with MRC powers. Public funding of the same nature for the same project will not be cumulative.

Last Update: July 22, 2025

QC, Canada

Supports entrepreneurship and economic growth with risk capital

MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS) at a glance

Eligible Funding

Max. $225,000
Up to 50% of project cost

Timeline

Continuous Intakes

Financing Type

Expert Advice

Loans and Capital investments

Eligible Industries

Agriculture, forestry, fishing and hunting
Construction
Manufacturing
Retail trade
Professional, scientific and technical services
Accommodation and food services
Other services (except public administration)
Public administration

Grant Providers

MRC Charlevoix

Program status

Open

Overview of the MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS) program

The Fonds local d’investissement (FLI) and Fonds local de solidarité (FLS) programs offer up to $225,000 in venture capital per project to support entrepreneurship by financing the startup, expansion, or acquisition of businesses. The programs aim to create viable businesses, support job development, and contribute to the economic growth of the MRC territory.

Financing terms and conditions

This grant offers financial support to entrepreneurs seeking to acquire businesses in Quebec, aiming to foster a culture of entrepreneurship and business sustainability. The financing modalities are structured to assist with the costs associated with the acquisition process.

Offers up to $225,000 in venture capital per project for startups and growing private and collective enterprises.
Covers up to 50% of the total costs of certain professional services related to business acquisition, with a maximum limit of $15,000, excluding taxes.
Disbursement of funds is authorized by the MRC or the delegate organization according to the modalities established by the FQM.
Eligible expenses include due diligence to determine the fair market value of a business, preparation of the business transfer agreement, and fees for professionals like accountants, lawyers, and notaries.
Any expenses incurred before the grant application submission date are not covered.

Eligible projects & activities

This grant facilitates financial support for entrepreneurs to acquire businesses in Quebec. It funds specialized services that assist in the business transition process.

Due diligence to determine the fair market value of a business.
Preparation of business succession agreements.
Professional fees for specialists such as accountants, lawyers, notaries, and human resource experts involved in business succession projects.

Examples of admissible projects:

$ 100,000

Launch a new artisanal bakery with sustainable practices

$ 125,000

Expand renewable energy consultancy for regional impact

$ 180,000

Expand a local craft brewery to boost production capacity

$ 150,000

Start a new technology incubator supporting local startups

$ 70,000

Acquire a struggling bookstore to rejuvenate community access to books

Eligibility criteria of the MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS) program

Eligibility for this grant is determined by specific criteria related to the status and location of the acquiring entity and their connection to a financing project by the local investment fund.

The enterprise to be acquired must be legally constituted under the laws of the Government of Quebec or Canada and have an establishment in Quebec.
If the acquirer is not incorporated, they must be a Canadian citizen or permanent resident.
The acquirer must be linked to a project that has obtained financing through the Local Investment Fund (FLI) of the MRC or a municipality exercising MRC powers.
Additional public assistance of the same nature for the same project is not permitted.
The professional engaged for due diligence must possess the expertise to participate in an enterprise succession project.

Who is eligible?

Any entrepreneur receiving financing from a Local Investment Fund (FLI) of an MRC or a municipality exercising MRC powers in Quebec, who wishes to acquire a legally constituted enterprise in Quebec. These entrepreneurs can include family members, employees, or external buyers, including collective takeovers.

Eligible expenses

The grant provides financial support for specific expenses related to business acquisition processes.

Costs associated with due diligence to determine the fair market value of a business.
Preparation costs for the business acquisition agreement.
Professional fees for specialists such as accountants, lawyers, notaries, and human resources experts involved in the business succession project.

Eligible geographic areas

This funding program is targeted towards supporting businesses within the geographic region defined by the MRC presence in Quebec. Eligible companies must align with the territorial and economic objectives established for the MRC of Charlevoix.

Businesses located within the region of MRC Charlevoix, Quebec.
Enterprises situated in areas governed by municipalities with MRC powers within Quebec.

How to apply to the MRC Charlevoix - Local Investment Fund (FLI) and Local Solidarity Fund (FLS) program

Initial contact

Contact the development department of your regional county municipality or your municipality exercising MRC powers to obtain preliminary information.

Preparation of the request

Gather the necessary documents, including proof of financing from a Local Investment Fund (LIF).
Compile evidence of the legality of the target company and the documentation for the acquisition or transfer of the business.
Prepare the budgets and estimated costs for the acquisition, including the specialized services requested.

Filling out the form

Fill out the financial aid application form with the required information.

Submission of the application

Submit the complete application to the MRC or the delegated organization, as indicated in the guidelines.
Ensure that the application is submitted before the deadline.

Additional information

Here are additional relevant details for this grant:

The funding includes venture capital specifically targeting both private and collective businesses.
Applicants can receive up to $225,000 in funding for eligible projects.
The funds contribute to the local economic development within the designated MRC territory.
Total assets available for the fund amount to approximately $2.3 million.

Apply to this program