PARESAU – Component 2 - QC - Canada

PARESAU – Component 2

QC, Canada
Emergency funding for strategic businesses in financial distress
grant_single|update March 12, 2025

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|timelineUnspecified
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 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.

grant_single_labels|projects

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.
grant_single|admissibleProjectsExample

$ 160,000

Enhancing logistics for a growing organic farm collective

$ 180,000

Expanding production capabilities for a growing cheese producer

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and circumstances of operation.
  • The company must be a for-profit business, a cooperative, or a social economy enterprise.
  • The company must have been in operation in Quebec for at least three years.
  • The company must be at risk of closure or show signs of impending closure.
  • The company must be designated as strategic by the Ministry of Economy, Innovation, and Energy (MEIE).

grant_eligibility_criteria|who_can_apply

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).

grant_eligibility_criteria|who_cannot_apply

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.

grant_eligibility_criteria|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.

grant_eligibility_criteria|zone

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.

grant_single_labels|apply

1

2

3

4

grant_single_labels|contact

1-844-474-6367

Apply to this program

More grants like this

INNOV-R — InnovÉÉ -
Grant and Fundinggrant_card_status|open
Funding for GHG-reduction projects in Quebec
Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 1 -
Grant and Fundinggrant_card_status|closed
Funding for collaborative projects in AI
INNOV-R — CRIAQ -
Grant and Fundinggrant_card_status|closed
Funding for GHG-reduction projects in Quebec
Centre de recherche université Laval Robert-Giffard -
Researchers And Facilitiesgrant_card_status|open
Collaborate with expert researchers at an academic institution
The Research Institute of the McGill University Health Centre -
Researchers And Facilitiesgrant_card_status|open
Team up with researchers at an academic institution
Project support program for the Critical and Strategic Minerals Scientific Research Network -
Grant and Fundinggrant_card_status|closed
Foster collaborative research and innovation in Quebec's critical and strategic mineral sectors, positioning the region as a global leader
Hôpital Maisonneuve-Rosemont -
Researchers And Facilitiesgrant_card_status|open
Explore healthcare research opportunities at a hospital
The Quantum Technologies innovation funding program -
Partnering and CollaborationGrant and Fundinggrant_card_status|closed
Supports quantum technology research collaboration funding in Quebec
Biomed Propulsion Program -
Loans and Capital investmentsgrant_card_status|closed
Supports life sciences companies for commercialization and job creation
Universit�é du Québec en Abitibi-Témiscamingue -
Researchers And Facilitiesgrant_card_status|open
UQAT: Take advantage of state-of-the-art university facilities