PARESAU – Component 1

This grant offers specific financing modalities aimed at supporting strategic companies facing financial difficulties, ensuring efficient deployment of resources.

• The grant provides a non-repayable financial contribution.
• The maximum rate of assistance is 75% of eligible expenses.
• The maximum amount of aid is $100,000 per company.
• The total cumulative government assistance is limited to 75% of eligible expenses.

Eligibility for this grant requires the applicant to meet specific business and operational criteria.

• The company must be a for-profit business, cooperative, or social economy enterprise.
• The company must have been operating in Quebec for at least three years.
• The company must be at risk of closure or show warning signs of closure.
• The company must be deemed strategic by the Ministry of Economy, Innovation, and Energy (MEIE).

Who is eligible?

Eligible applicants for the PARESAU - Volet 1 grant include for-profit businesses, cooperatives, and social economy enterprises that have been operating in Quebec for at least three years. These businesses must be at risk of closure or show signs of closure and be deemed strategic by the Ministry of Economy, Innovation, and Energy (MEIE). Certain industry sectors may be excluded from eligibility.

Eligible expenses

The grant covers expenses directly associated with professional services and essential operational measures.

• Professional fees for external consulting firms.
• Costs related to the purchase of specialized, relevant, and necessary information, including statistics and market analyses.
• Travel and accommodation expenses for professionals from external consulting firms, in compliance with government standards outlined in the Quebec Government Management Policy Handbook.
• Expenses related to the preservation of major industrial assets to prevent the deterioration of a building and its principal equipment, including electricity costs and maintenance of the building and its equipment.

Eligible geographic areas

• Businesses operating in Quebec for at least three years.

The evaluation and selection of projects for this grant are based on the successful completion of certain specific steps and conditions.

• Analysis of the strategic nature of the company.
• Assessment of the necessity of the requested financial aid.
• Verification of the absence of negative impacts on existing businesses.

The following additional information is relevant for applicants of this grant:

• Applicants must ensure that their business is not under the protection of Canada's Bankruptcy and Insolvency Act.
• Funding is provided as a non-repayable financial contribution, which covers up to 75% of eligible expenses.
• The maximum funding limit is set at $100,000 per enterprise.
• The deadline for applying under this program is March 31, 2025.