How much funding can be received?

Funds up to 50% of admissible expenses, capped at $250000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Roussillon — Local investment and solidarity funds (FLI and FLS)?

MRC Roussillon — Local investment and solidarity funds (FLI and FLS) is funded by MRC de Roussillon

MRC Roussillon — Local investment and solidarity funds (FLI and FLS)

Q: What are MRC Roussillon — Local investment and solidarity funds (FLI and FLS)'s eligibility criterias?

The applicant must be a legally constituted for-profit company or a collective enterprise (cooperative or non-profit) under Quebec or Canadian law. The applicant organization must have its headquarters in Quebec and be registered with the Quebec Enterprise Register (REQ).

Last Update: May 14, 2025

QC, Canada

Supports entrepreneurial growth and economic development in Quebec

MRC Roussillon — Local investment and solidarity funds (FLI and FLS) at a glance

Eligible Funding

From $5,000 to $250,000
Up to 50% of project cost

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

Manufacturing
Wholesale trade
Retail trade
Professional, scientific and technical services
Health care and social assistance
Other services (except public administration)
Public administration

Grant Providers

MRC de Roussillon

Status

Open

Overview of the MRC Roussillon — Local investment and solidarity funds (FLI and FLS) program

The Fonds locaux d'investissement (FLI) and Fonds de solidarité (FLS) de la MRC Roussillon offer financial support of up to $250,000 to promote the creation and development of viable businesses. This program is designed to finance activities such as expansion, improvement, asset acquisition and business start-ups.

Financing terms and conditions

Term loans ranging from $5,000 to $250,000 per project.
Maximum of $50,000 available for companies in operation for less than 3 years.
Minimum equity contribution of 20% of the project cost required.
Funding may cover up to 50% of the total project cost.

Eligible projects & activities

This grant supports business growth and economic enhancements within the MRC of Roussillon. Eligible projects aim to foster entrepreneurship, improve regional business capabilities, and sustain employment.

Business startup initiatives to encourage new entrepreneurial ventures.
Expansion projects to increase the capacity and reach of existing businesses.
Infrastructure improvements or transformations to modernize operations.
Acquisition of businesses to ensure continuity and growth.
Entrepreneurial succession planning for seamless business transitions.

Examples of admissible projects:

$ 120,000

Develop a sustainable urban farming initiative

$ 200,000

Expand renewable energy solutions in remote areas

$ 150,000

Launch a tech hub for local startups

$ 75,000

Enhance skills training for unemployed youth

$ 200,000

Establish a cultural arts center in downtown

$ 150,000

Create a mobile health unit for rural communities

Eligibility criteria of the MRC Roussillon — Local investment and solidarity funds (FLI and FLS) program

Eligibility for this grant is determined by specific requirements related to the applicant's legal status and location.

The applicant must be a legally constituted for-profit enterprise or a collective enterprise, such as cooperatives and non-profit organizations, under the laws of Quebec or Canada.
The applicant must have its head office located in Quebec and be registered in the Registre des entreprises du Québec (REQ).

Who is eligible?

For-profit companies legally incorporated in Quebec or Canada
Collective enterprises such as cooperatives
Non-profit organizations (NPOs) as defined by the Act on the Social Economy

Eligible expenses

The grant supports expenses associated with investment projects.

Capital expenditures such as the acquisition of technology, land, buildings, equipment, machinery, and rolling stock.
Professional fees related to the project's realization and implementation.
Asset acquisitions including real estate, equipment, and rolling stock, excluding goodwill expenses.
Purchases of software, technologies, and patents, excluding research and development activities.
Additional working capital necessary for project completion for a maximum period of two years.

Eligible geographic areas

This grant supports businesses aiming to enhance the economic landscape within a defined regional area. Eligible locations are specified to foster employment and economic growth in the region.

Businesses with their headquarters located within the MRC Roussillon.

How to apply to the MRC Roussillon — Local investment and solidarity funds (FLI and FLS) program

Project preparation

Determine your company's eligibility by consulting the conditions of the FLI/FLS.
Develop a solid business plan that highlights the economic viability of your project.

Document collection

Gather all required documents, including financial statements, the detailed budget, and financial projections.
Ensure that your business is registered with the Québec Enterprise Register (REQ).

Submission of the application

Contact the Roussillon MRC office to obtain the official application form or check their website for instructions.
Fill out and sign the application form with all the required information.
Attach all supporting documents to your application.

Sending the request

Send the completed application by mail or email to the address of the MRC of Roussillon provided in the instructions.
Verify that everything has been submitted correctly before the indicated deadline.

Follow-up on the request

Receive a confirmation of receipt of your request from the MRC of Roussillon.
Wait for a decision or prepare additional information if requested by the organization.

Additional information

Here are additional relevant details for this grant:

The Funds (FLI and FLS) are designed to complement existing bank financing, indicating their role in enhancing access to comprehensive funding solutions.
A minimum 20% equity or contribution toward the project's total costs is required from the applicant, ensuring the business' commitment and responsibility.
The grant aims at helping businesses not only grow but also to sustainably support employment in the region, emphasizing long-term economic stability.

Contact MRC de Roussillon

4506381221

Apply to this program

Supports technological innovation for Quebec manufacturing productivity