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|register
- 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.
grant_single_labels|contact
1-844-474-6367
