How much funding can be received?

Funds up to 75% of admissible expenses, capped at $100000 per project.

What is the deadline to apply?

The deadline to apply is 2025-03-31T23:59:59Z.

Who are the financial supporters of the PARESAU – Component 1?

PARESAU – Component 1 is funded by Investissement Québec (IQ)

What are PARESAU – Component 1's eligibility criterias?

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

PARESAU – Component 1

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QC, Canada

Support for strategic businesses in financial difficulty

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grant_single|closingDate March 31, 2025

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Grant and Funding

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Investissement Québec (IQ)

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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.

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This grant targets support for strategically significant companies facing financial difficulties by providing them with solutions to ensure their continuity. It encompasses a variety of projects focused on auditing and developing recovery strategies.

Conducting a study or analysis to assess the financial and/or operational situation of the company.
Conducting a feasibility study to validate the technically and economically viable solutions.
Developing, implementing, and monitoring solutions aimed at addressing the company's difficulties.
Temporary management of the company by a third party, excluding trustees.
Expenses intended for the preservation of major industrial assets in the event of a short-term recovery.

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$ 50,000

Conduct a comprehensive financial analysis for recovery

$ 40,000

Conduct feasibility study for business model adaptation

$ 57,000

Preserve industrial assets amid operational restructuring

$ 50,000

Implement solutions for operational efficiency improvements

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).

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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.

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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.

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Businesses operating in Quebec for at least three years.

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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.

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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.