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PARESAU – Component 2 - Quebec - Canada
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PARESAU – Component 2

Emergency funding for strategic businesses in financial distress
Investissement Québec (IQ)
Last Update: March 4, 2026
Funding available
Varies by project
Timeline
  • Open continuously
Location
Quebec, Canada

Overview

The PARESAU - Volet 2 grant provides emergency funding for strategic businesses in Quebec facing significant financial difficulties, supporting their working capital needs for continued operations and job maintenance. Eligible activities include maintaining operations with justified and reasonable expenses, with a focus on solutions showing good medium-term profitability prospects, though the maximum funding amount is not specified in the provided information.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Attract or retain talent
Eligible Funding
  • Varies by project
Timeline
  • Open continuously

Eligible candidates

Eligible Industries
  • All industries
Location
  • Quebec
Legal structures
  • Non-financial cooperative
  • For-profit business
  • Social economy enterprise
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • All groups

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

This grant provides emergency financial support to strategic companies in precarious financial situations, enabling them to maintain operations and protect employment. The eligible activities focus on addressing working capital needs and ensuring the implementation of viable solutions for medium-term profitability.

  • Support for working capital necessary to sustain ongoing operations of the company.
  • Funding based on justified and reasonable expenses related to maintaining the company's operations.
  • Implementation of solutions demonstrating good medium-term profitability prospects.

Eligibility

Who is eligible?

Eligible applicants for the PARESAU - Volet 2 grant include for-profit companies, cooperatives, or social economy enterprises that have been operating in Quebec for at least three years, are at risk of closure or show impending signs of closure, and are deemed strategic by the Ministry of Economy, Innovation and Energy (MEIE).

Who is not eligible

There are unspecified exclusions for companies and industries regarding their eligibility for this grant. The restrictions typically focus on sectors that do not align with the strategic objectives of the program.

Eligible expenses

The grant aims to cover expenses related to working capital for the maintenance of the company's operations.

  • Operating expenses essential for the continuation of current activities.
  • Personnel costs necessary for the continuity of operations.
  • Purchase of supplies and raw materials essential for production.
  • Recurring operational services and charges.

Eligible geographic areas

This grant is designed for businesses operating in specific geographical areas as defined by the funding body, to maintain strategic economic activities.

  • Businesses based in Quebec, Canada.

How to apply

  • Step 1: Determine Eligibility
  • Ensure your enterprise operates in a strategic sector and has been active in Quebec for at least three years.
  • Verify that your business shows signs of potential closure or financial distress.
  • Confirm your business is recognized as strategic by the Ministry of Economy, Innovation, and Energy.
  • Step 2: Gather Necessary Documentation
  • Compile financial statements demonstrating the company's financial situation.
  • Prepare documents proving the business operational history and strategic importance.
  • Collect any supporting documentation outlining the need for working capital and future profitability projections.
  • Step 3: Contact Funding Body
  • Reach out to the grant provider’s team for guidance by calling 1 844 474-6367.
  • Seek clarification on any specific requirements or documents needed.
  • Step 4: Design an Application Proposal
  • Create a detailed proposal outlining the need for funding.
  • Include a strategy for maintaining operations and employment.
  • Showcase reasonable and justified expenses with long-term profitability plans.
  • Step 5: Submit Application
  • Send your completed application and all supporting documents to the designated authority as per guidance received.
  • Ensure the submission is done within any specified deadlines.
  • Step 6: Confirmation and Follow-Up
  • Await confirmation that your application has been received.
  • Keep track of communication for any required follow-up actions.

Contacts

1-844-474-6367

Other components of this program

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

Frequently Asked Questions about the PARESAU – Component 2 Program

What is the PARESAU – Component 2?

The PARESAU - Volet 2 grant provides emergency funding for strategic businesses in Quebec facing significant financial difficulties, supporting their working capital needs for continued operations and job maintenance. Eligible activities include maintaining operations with justified and reasonable expenses, with a focus on solutions showing good medium-term profitability prospects, though the maximum funding amount is not specified in the provided information.

Who is eligible for the PARESAU – Component 2 program?

To be eligible for the PARESAU – Component 2 program, you must: The company must be a for-profit enterprise, cooperative, or social economy enterprise. It must have been operating in Quebec for at least three years. The company must be at risk of closing or exhibit signs of potential closure.

What expenses are eligible under PARESAU – Component 2?

This grant provides emergency financial support to strategic companies in precarious financial situations, enabling them to maintain operations and protect employment. The eligible activities focus on addressing working capital needs and ensuring the implementation of viable solutions for medium-term profitability. Support for working capital necessary to sustain ongoing operations of the company. Funding based on justified and reasonable expenses related to maintaining the company's operations. Implementation of solutions demonstrating good medium-term profitability prospects.

Who can I contact for more information about the PARESAU – Component 2?

You can contact Investissement Québec (IQ) or by phone at 1-844-474-6367.

Where is the PARESAU – Component 2 available?

The PARESAU – Component 2 program is available the province of Quebec.

Is the PARESAU – Component 2 a grant, loan, or tax credit?

PARESAU – Component 2 is a Loans and Capital investments

Who are the financial supporters of the PARESAU – Component 2?

PARESAU – Component 2 is funded by Investissement Québec (IQ)