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PARESAU – Component 1
QC, Canada
Support for strategic businesses in financial difficulty
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateMarch 31, 2025
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Investissement Québec (IQ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
The PARESAU - Volet 1 grant provides non-repayable financial support of up to $100,000 to strategic businesses in Quebec facing financial difficulties to help develop and implement solutions. Eligible activities include conducting financial or operational analyses, feasibility studies, implementing solutions, temporary management, and asset preservation.
grant_single_labels|terms_and_conditions
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.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 10,000
Initiating a food security program for low-income families
$ 100,000
Launching a community-based renewable energy initiative
$ 25,000
Developing a youth art mentoring program
$ 12,000
Creating a digital literacy program for seniors
$ 60,000
Establishing a tech-forward community center
grant_single_labels|admissibility
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).
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
This grant is targeted at companies operating within a specific region, to ensure that strategic businesses in need are supported efficiently. The eligible geographical location is restricted to ensure focus on the local economic ecosystem.
- Companies established and operating in Quebec, Canada.
grant_single_labels|register
Here are the steps to submit an application for PARESAU - Volet 1 grant:
- Step 1: Review Eligibility Criteria
- Ensure the business is operating in Quebec for at least three years.
- Confirm that the business is categorized as strategic by the MEIE.
- Verify that the business is not under the protection of the Companies' Creditors Arrangement Act or the Bankruptcy and Insolvency Act.
- Step 2: Prepare Application
- Fill out the "Formulaire de demande d'aide financière – PARESAU – Volet 1".
- Prepare necessary documentation, such as studies or analyses addressing financial or operational challenges.
- Compile detailed expense estimates for professional fees, travel costs, and asset preservation expenses.
- Step 3: Submit Application
- Email the complete application package to aidefinanciere@invest-quebec.com.
- Ensure the submission is completed before the program's end date of March 31, 2025.
- Step 4: Follow Up
- Contact the Service d’accueil et d’information at 1 844 474-6367 for any inquiries regarding the application.
- Keep track of confirmation emails or any correspondence from Invest Quebec.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
aidefinanciere@invest-quebec.com
1-844-474-6367
