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 program is accepting continuous intake

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

Last Update: May 30, 2025

QC, Canada

Support for strategic businesses in financial difficulty

PARESAU – Component 1 at a glance

Eligible Funding

Max. $100,000
Up to 75% of project cost

Timeline

Closing date : March 31, 2025

Financing Type

Grant and Funding

Eligible Industries

All industries

Grant Providers

Investissement Québec (IQ)

Status

Closed

Overview of the PARESAU – Component 1 program

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.

Financing 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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 50,000

Conduct a comprehensive financial analysis for recovery

$ 57,000

Preserve industrial assets amid operational restructuring

$ 40,000

Conduct feasibility study for business model adaptation

$ 50,000

Implement solutions for operational efficiency improvements

Eligibility criteria of the PARESAU – Component 1 program

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.

Eligibility criteria of the PARESAU – Component 1 program

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.

How to apply to the PARESAU – Component 1 program

Preparation of documents

Draft a detailed proposal on the development of the solutions considered for the company.
Prepare the financial and operational analyses justifying the need for support.
Compile the financial documents showing the warning signs of closure.
Confirm that the company meets the "strategic" qualification criteria of the MEIE.
Gather all requested supporting documents, including quotes and proposals from external consulting firms.

Filling out the application form

Download the financial assistance application form – PARESAU – Component 1.
Complete all required sections of the form accurately.

Submission of the request

Send the complete file, including the form and supporting documents, to the following email address: aidefinanciere@invest-quebec.com.

Confirmation and follow-up

Monitor the receipt of a confirmation email for the submission of the application.
Keep a copy of the confirmation for the company's records.

Additional information

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.