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Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) - Quebec - Canada
Open
Source verified July 23, 2026

Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS)

Business financing for growth and succession
Offered by
Municipalité des Îles-de-la-Madeleine
Funding available
$ 150,000
Deadline
Open continuously
Location
Gaspésie–Îles-de-la-Madeleine, Quebec, Canada
Who can apply

Small and medium-sized enterprises (SMEs) legally incorporated under the laws of Quebec or Canada

See full eligibility

Overview

The FLI/FLS investment policy of the Community maritime of Les Îles-de-la-Madeleine supports legally incorporated SMEs and collective enterprises to finance business development and job creation on its territory. It can back start-up, succession, and growth projects, including working capital, equipment, and professional fees.
/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Increase production or service capacity
  • Develop a new product or service
Eligible Funding
  • Maximum amount : 150,000 $
  • Up to 80% of project cost
Funds Providers

Eligible candidates

Eligible Industries
  • All industries
Location
  • Gaspésie–Îles-de-la-Madeleine
  • Quebec
Legal structures
  • Non-profit
  • Public or Parapublic institution
  • Non-financial cooperative
  • Social economy enterprise
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups
Non-profit candidates
Sector of operation
  • Economic, Social and Community Development
  • Employment and Training
  • Business Associations
Target groups
  • Rural / Remote communities
  • Business owners / entrepreneurs
  • Nonprofits / charities
Revenue structures
  • Mixed revenue (50%+ earned)
Scope
  • Local

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Business start-up
  • Business transfer and entrepreneurial succession
  • Business improvement and transformation, including productivity improvement, digital transformation, and sustainable organizational practices
  • Business growth and expansion, including commercialization of a new product or service, export projects, support for growth, or establishment of a subsidiary
  • Temporary bridge financing for confirmed incoming revenue and turnaround projects under the FLS

Documents Needed

  • Completed, dated, and signed application form
  • Business plan or detailed project description, detailed breakdown of project expenses, and project financing package with confirmation of other funding
  • Financial statements for the last three years, and interim statements if the latest statements are more than six months old or the business has less than one year of existence
  • Projected financial statements
  • Francisation compliance declaration or francisation certificate, equal employment compliance declaration or program copy, and any other document requested by the Community maritime

Eligibility

Who is eligible?

  • Small and medium-sized enterprises (SMEs) legally incorporated under the laws of Quebec or Canada
  • Collective enterprises, including cooperatives and non-profit organizations under the Social Economy Act

Who is not eligible

  • Applicants listed in the Register of enterprises ineligible for public contracts (RENA), including subcontractors listed in RENA for project work
  • Applicants not compliant with the francisation process under the Charter of the French Language
  • Applicants that failed obligations after formal notice in the two years before the application
  • State-owned or government-controlled companies, companies under bankruptcy or insolvency protection, and applicants with unethical, environmentally irresponsible, or labour or human-rights non-compliant behaviour
  • Businesses operating wholly or partly in pre-start-up or turnaround, controversial weapons, fossil fuels, gambling, violent games, sexual exploitation, real estate development, tobacco or drug sectors, and startup restaurant or retail projects except convenience stores

Eligible expenses

  • Additional working capital needed to complete the project for a maximum of two years
  • Capital expenses directly tied to the project, including technology, land, building, equipment, machinery, rolling stock, construction, expansion, renovation, and site or premises fit-out
  • Professional fees before the project, such as feasibility analysis, external audit, or impact study
  • Professional fees directly tied to project completion, including technology and equipment implementation, and land or premises acquisition, construction, renovation, and fit-out
  • Acquisition of shares or assets for succession projects, plus related professional fees for the transaction and transfer of management

Ineligible Costs and Activities

  • Expenses incurred before the application is submitted
  • Debt service, repayment of upcoming loans, capital losses, capital replacement, and payments made as capital
  • Transactions between related businesses or partners
  • Research and development expenses
  • Normal operating expenses and Quebec sales taxes

Eligible geographic areas

  • Community maritime of Les Îles-de-la-Madeleine

Selection criteria

  • Economic viability, profitability, repayment capacity, and good prospects
  • Promoters’ relevant knowledge, experience, and management skills
  • Environmental and societal benefits through sustainable business practices
  • Openness toward workers and labour relations
  • Participation of other financial partners, portfolio balance, and fund sustainability

How to apply

  • Obtain the application form from the territorial development agent and submit the project with the completed form and the requested documents

Processing and Agreement

  • Eligibility, analysis, and decision are handled by the Community maritime of Les Îles-de-la-Madeleine
  • Applications are analyzed continuously once all required information and documents are provided
  • Files are treated equitably, subject to available budgets and the program's management rules
  • The CIC may request a derogation from the board, but no derogation can be granted for an enterprise with negative equity after the project

Additional information

  • No opening or follow-up fees are charged for files submitted to the Funds locals.

Contacts

deconomique@muniles.ca
418 986-3100, poste 236

Availability timeline

2026
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Other components of this program

Explore related funding streams and grants that belong to the same program.

Frequently Asked Questions about the Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) Program

What is the Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS)?

The FLI/FLS investment policy of the Community maritime of Les Îles-de-la-Madeleine supports legally incorporated SMEs and collective enterprises to finance business development and job creation on its territory. It can back start-up, succession, and growth projects, including working capital, equipment, and professional fees.

How much funding can be received?

Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) Funds up to 80% of admissible expenses, capped at $150,000 per project.

What is the deadline to apply?

The program is accepting continuous intake

Who is eligible for the Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) program?

To be eligible for the Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) program, you must: Legally incorporated SME or collective enterprise Business operating on the Community maritime territory Head office in Quebec and REQ registration

What expenses are eligible under Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS)?

Business start-up Business transfer and entrepreneurial succession Business improvement and transformation, including productivity improvement, digital transformation, and sustainable organizational practices Business growth and expansion, including commercialization of a new product or service, export projects, support for growth, or establishment of a subsidiary Temporary bridge financing for confirmed incoming revenue and turnaround projects under the FLS

Who can I contact for more information about the Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS)?

You can contact Municipalité des Îles-de-la-Madeleine by email at deconomique@muniles.ca or by phone at 418 986-3100, poste 236.

Where is the Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) available?

The Municipalité des Îles-de-la-Madeleine — Local Investment Fund (FLI) and Local Solidarity Fund (FLS) program is available Gaspésie–Îles-de-la-Madeleine, Quebec.