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MRC Portneuf — Joint Investment Fund FLI/FLS - Quebec - Canada
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MRC Portneuf — Joint Investment Fund FLI/FLS

Joint financing for business growth and succession
MRC Portneuf
Last Update: April 9, 2026
Funding available
$ 300,000
Timeline
  • Open Date : July 13, 2023
Location
Capitale-Nationale, Quebec, Canada

Overview

Joint FLI/FLS financing supports business growth and job creation in Portneuf. It can fund startup, expansion, improvement, transformation, acquisition, and succession projects, with a maximum FLI investment of $150,000 per beneficiary in 12 months.
/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Increase operational productivity
  • Complete an acquisition or business transfer
Eligible Funding
  • Maximum amount : 300,000 $
  • Up to 50% of project cost
Timeline
  • Open Date : July 13, 2023

Eligible candidates

Eligible Industries
  • Other services (except public administration)
  • Public administration
Location
  • Portneuf
  • Capitale-Nationale
  • Quebec
Legal structures
  • Non-profit
  • Public or Parapublic institution
  • Non-financial cooperative
  • Social economy enterprise
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Startups
Non-profit candidates
Sector of operation
  • Social Services
  • Economic, Social and Community Development
  • Employment and Training
  • Business Associations
Target groups
  • Rural / Remote communities
  • Business owners / entrepreneurs
  • Nonprofits / charities
Revenue structures
  • Mixed revenue (50%+ earned)
  • Fee-for-service model
Scope
  • Regional

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Business startup
  • Business improvement and transformation
  • Business growth and expansion
  • Business acquisition
  • Entrepreneurial succession and business turnaround

Documents Needed

  • Financial assistance application form
  • Required supporting documents attached to the application form

Eligibility

Who is eligible?

  • For-profit businesses
  • Cooperatives
  • Non-profit organizations with commercial activities

Who is not eligible

  • Businesses registered in the public contracts non-eligible registry (RENA)
  • Businesses under bankruptcy or insolvency protection
  • Government-owned or government-controlled entities
  • Businesses in weapons, fossil fuels, gambling, violent games, sexual exploitation, real estate development, tobacco, or drugs

Eligible expenses

  • Additional working capital tied to the project
  • Equipment, machinery, technology, and vehicles
  • Building, land, renovation, construction, and site improvements
  • Professional fees linked to feasibility, implementation, acquisition, or transaction
  • Business acquisition and ownership transfer costs

Ineligible Costs and Activities

  • Costs incurred before the application is submitted
  • Debt service, loan repayments, and capital replacement
  • Research and development expenses
  • Normal operating expenses
  • Quebec sales taxes

Eligible geographic areas

  • MRC Portneuf
  • Quebec

Selection criteria

  • Business financial viability and repayment capacity
  • Promoters’ knowledge and relevant experience
  • Environmental and social impact
  • Openness toward workers and labour relations
  • Participation of other financial partners

How to apply

1

Eligibility Check

  • Make sure that your business is registered with the Quebec Business Registrar (REQ).
  • Confirm that your business operates within the territory of the Portneuf MRC and meets the eligibility conditions for the FLI/FLS funds.
2

Preparation of the documentation

  • Write a detailed proposal for your project, including financial elements such as the budget and cash flow forecasts.
  • Gather all required supporting documents, such as registration with the REQ, financial statements, and any other relevant documents for the project.
  • Fill out the financial aid application form provided by the MRC of Portneuf.
3

Submission of the request

  • Send the complete application with all required documents to the MRC of Portneuf or to the delegated organization in charge of managing the funds.
  • Make sure that the submission is made before the deadline indicated by the MRC.
4

Request follow-up

  • Wait for a confirmation of the receipt of your request.
  • Be prepared to provide additional information if the Common Investment Committee (CIC) requests it.
  • Regularly follow up on the status of your request with the CIC.
5

Final decision

  • Receive the decision through the council of representatives once the request is approved by the CIC.
  • If approved, discuss and finalize the terms of financing with the FLI/FLS.

Processing and Agreement

  • Applications are assessed by the MRC for eligibility, analysis, and decision.
  • The Joint Investment Committee meets monthly to approve funding requests.
  • Approved assistance must be ratified by the council of representatives.
  • Requests are processed continuously once all required information and documents are received.

Additional information

  • The fund operates under a joint FLI/FLS investment policy adopted by the MRC of Portneuf.
  • The Investment Committee meets monthly to approve financial assistance.
  • Applications are reviewed continuously once all required information and documents are provided.
  • Support, advice, and technical assistance may be available to promoters.

Other components of this program

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

Frequently Asked Questions about the MRC Portneuf — Joint Investment Fund FLI/FLS Program

What is the MRC Portneuf — Joint Investment Fund FLI/FLS?

Joint FLI/FLS financing supports business growth and job creation in Portneuf. It can fund startup, expansion, improvement, transformation, acquisition, and succession projects, with a maximum FLI investment of $150,000 per beneficiary in 12 months.

How much funding can be received?

MRC Portneuf — Joint Investment Fund FLI/FLS Funds up to 50% of admissible expenses, capped at $300,000 per project.

Who is eligible for the MRC Portneuf — Joint Investment Fund FLI/FLS program?

To be eligible for the MRC Portneuf — Joint Investment Fund FLI/FLS program, you must: Legally constituted business Operates in MRC Portneuf Head office in Quebec

What expenses are eligible under MRC Portneuf — Joint Investment Fund FLI/FLS?

Business startup Business improvement and transformation Business growth and expansion Business acquisition Entrepreneurial succession and business turnaround

Where is the MRC Portneuf — Joint Investment Fund FLI/FLS available?

The MRC Portneuf — Joint Investment Fund FLI/FLS program is available Capitale-Nationale, Quebec.

Is the MRC Portneuf — Joint Investment Fund FLI/FLS a grant, loan, or tax credit?

MRC Portneuf — Joint Investment Fund FLI/FLS is a Expert Advice

Who are the financial supporters of the MRC Portneuf — Joint Investment Fund FLI/FLS?

MRC Portneuf — Joint Investment Fund FLI/FLS is funded by MRC Portneuf