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).

grant_single|update January 25, 2025

QC, Canada

Supports entrepreneurial growth and economic development in Quebec

grant_single_labels|summary

grant_single_labels|terms_and_conditions

grant_single_labels|projects

grant_single_labels|admissibility

grant_single_labels|apply

grant_single_labels|otherInfo

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grant_single_labels|summary

grant_single|eligibleFinancing

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grant_single|projectCostPercent

grant_single|deadlines

grant_single|timelineUnspecified

grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

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

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MRC de Roussillon

grant_single|status

grant_card_status|open

grant_single_labels|terms_and_conditions

This grant provides essential funds tailored to foster the growth and sustainability of businesses in the Roussillon region. The financing modalities support diverse investment needs while ensuring alignment with regional economic goals.

Provision of term loans ranging from $5,000 to $250,000.
A maximum loan of $50,000 is available for businesses less than three years old.
Applicants must provide a minimum contribution of 20% of the project cost or equivalent business equity.
The financing covers up to 50% of the total project cost.
The funding complements existing bank financing options.
Eligible expenses include capital spending on assets such as technology, land, buildings, equipment, and machinery.
Funds are also available for necessary working capital expenses essential for project completion over a maximum period of two years.

grant_single_labels|projects

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.

grant_single|admissibleProjectsExample

$ 200,000

Establish a cultural arts center in downtown

$ 120,000

Develop a sustainable urban farming initiative

$ 200,000

Expand renewable energy solutions in remote areas

$ 150,000

Create a mobile health unit for rural communities

$ 150,000

Launch a tech hub for local startups

$ 75,000

Enhance skills training for unemployed youth

grant_single_labels|admissibility

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).

grant_eligibility_criteria|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.

grant_eligibility_criteria|zone

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.

grant_single_labels|apply

grant_single_labels|otherInfo

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.