MRC L'Érable — FLI - Social economy development
Overview
The Fonds local d'investissement - Économie sociale provides up to $25,000 in financial support to non-profit organizations and cooperatives for projects that address community-defined social needs. The program aims to support the development and expansion of social economy projects while requiring 20% autonomous revenue generation.
At a glance
Funding available
- Reduce the ecological footprint
- Maximum amount : 25,000 $
- Up to 50% of project cost
- Open continuously
Eligible candidates
- Health care and social assistance
- Other services (except public administration)
- Public administration
- L’Érable
- Centre-du-Québec
- Quebec
- Non-profit
- Public or Parapublic institution
- Non-financial cooperative
- All revenue ranges
- All organization sizes
- Persons with Disabilities
- Rural or Northern Residents
- Youth (<40)
- Social Services
- Economic, Social and Community Development
- General public
- Rural / Remote communities
- All structures
- Regional
Activities funded
This grant aims to financially support social economy projects that address community needs. Eligible activities focus on socially-driven initiatives and sustainable revenue generation.
- Projects that follow a social mission supporting the community.
- Activities addressing specific social needs identified by the local community.
Eligibility
The company eligibility criteria for this grant are based on the type of organization applying and the nature of the project.
- The applicant must be a non-profit organization and incorporated.
- The applicant can also be a cooperative.
Who is eligible?
Eligible organizations for this grant include registered non-profit organizations and cooperatives. They must be engaged in projects that have a social goal, address social needs identified by the community, and generate at least 20% autonomous income.
Eligible geographic areas
This grant specifically caters to organizations active in social economy development in the L'Érable region. The fund aims to support local community needs by financing eligible social economy projects.
- Organizations based in the L'Érable region.
Selection criteria
The selection criteria for projects under the "Fonds local d'investissement - Économie sociale" grant focus on the project's alignment with social goals and its financial sustainability.
- Project that pursues a social purpose.
- Project that addresses social needs as determined by the community.
- Self-generated revenues of 20%.
How to apply
Preparation of the required documents
- Prepare a detailed business plan with financial forecasts for three years.
- Compile all other possible documents that may be requested by Economic Development of L'Érable.
Initial contact
- Contact Étienne Drainville, Senior Business Advisor – financing, to clarify any additional requirements or documents to be submitted.
- Ask questions to ensure that all documents and information are properly prepared.
Submission of the request
- Submit the application documents by email to the provided address or by another means specified by Economic Development of L'Érable.
- Ensure that all documents are complete and properly formatted before submission.
Additional information
Here are additional relevant details for this grant:
- The interest rate starts at 0.5% for the first year and increases by 0.5% annually, up to a maximum of 3.5% by the end of the seven-year term.
- The amortization period for the loan can vary between 36 and 84 months, providing flexibility in repayment schedules.
- There are no file processing fees, making the application more accessible to organizations with smaller budgets.
- Organizations must generate 20% of their revenues autonomously, indicating a focus on projects with sustainable financial models.
- Economic Development of L’Érable reserves the right to change the program conditions without prior notice, which suggests the need for applicants to stay informed of any updates.
