PARESAU – Component 2
- Open continuously
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.
At a glance
Funding available
- Attract or retain talent
- Varies by project
- Open continuously
Eligible candidates
- All industries
- Quebec
- For-profit business
- Social economy enterprise
- Non-financial cooperative
- All revenue ranges
- All organization sizes
- All groups
Next Steps
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.