How much funding can be received?

<p>Get a loan or loan guarantee between $150,000 and $5 million to cover up to 60% of project costs to boost the region's potential to attract tourists from other parts of Canada and abroad.</p>

grant_single_labels|terms_and_conditions

This program provides financial support in the form of loans and loan guarantees to encourage investment in Quebec's tourism sector. The terms are structured to support diverse tourism projects while managing financial risk.

A minimum financial contribution of $150,000 and a maximum of $5 million is available.
Loan guarantees can cover up to 70% of net losses.
A minimum private contribution of at least 20% of eligible expenses is required, with exceptions for Indigenous and Îles-de-la-Madeleine projects, where this is reduced to 10%.
Financial aid can be extended for a maximum period of 20 years, with a potential capital repayment moratorium of up to 36 months.
Government aid can cover up to 50% of eligible project costs for for-profit businesses, up to 80% for non-profit organizations and cooperatives, and up to 90% for Indigenous communities, recognized nations, or projects on the Îles-de-la-Madeleine.

grant_single_labels|projects

This grant supports initiatives that enhance and develop tourism attractions. Eligible projects focus on construction, equipment acquisition, and new tourist experiences.

Construction of tourism-related infrastructures.
Reconstruction and demolition of outdated infrastructures.
Expansion of current tourism facilities.
Interior or exterior development of tourism spaces.
Adaptation or conversion of existing structures for tourism.
Acquisition or replacement of tourism equipment.
Acquisition of an existing tourism business.
Deployment of new tourism experiences.

grant_single|admissibleProjectsExample

$ 960,000

Deploying a new indigenous cultural tourism experience

$ 2,100,000

Renovating an old commercial space to develop a new interactive science museum

$ 2,280,000

Interior development of a new art gallery with contemporary exhibits

$ 1,620,000

Acquiring a local brewery to create a new brewery tour experience

$ 750,000

Reconstructing a historical museum to improve visitor experience and accessibility

$ 1,050,000

Expanding a heritage hotel to include a new wellness spa and conference center

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile, sector of activity, and operational conditions.

The applicant must be an enterprise with a for-profit purpose, a non-profit organization (OBNL), or a cooperative, legally constituted in Quebec.
The applicant can also be a community or a First Nation recognized by the National Assembly or any grouping of these clients.
The business activity must present a tourist attraction.
If applicable, the business must be registered on the site BonjourQuébec.com, except for start-up projects.
The business must operate within Quebec.
When required, the business must hold the "Accrédité Qualité-Sécurité" seal from Aventure Écotourisme Québec or be in the process of obtaining it, or commit to undertaking this process.
The business must demonstrate prospects of profitability.

grant_eligibility_criteria|who_can_apply

Eligible applicants include for-profit businesses, non-profit organizations (NPOs), cooperatives, and recognized Indigenous communities and nations legally established in Quebec. All entities must be involved in activities that present a tourist attraction and should operate within Quebec. In addition to these, projects undertaken by recognized Indigenous communities, nations, or located in the Îles-de-la-Madeleine require an equivalent to at least 10% of eligible expenses from private sources. Projects need to be registered on BonjourQuébec.com, if applicable, except for start-up projects, and demonstrate profitability prospects.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries based on specific activities or conditions. These exclusions are designed to target funding towards projects that align with the grant's tourism-focused goals.

Tourist homes with fewer than four residences or companies renting fewer than four tourist residences.
Tourist residences located on the territory of the island of Montreal and the city of Quebec.
Projects related to cycle paths, snowmobile trails, and golf courses.
Renovation of docks and wharves.
Tourist information offices.
Retail trade and restaurant businesses.
Hotel-type accommodation establishments.
Gambling sector industries.
Projects related to the sale and consumption of alcohol or cannabis.
Projects completed or underway before the application submission date.

grant_eligibility_criteria|eligible_expenses

This grant facilitates the enhancement and diversification of Quebec's tourism sector. Eligible projects focus on infrastructure development, business acquisition, and creating unique tourist experiences.

Construction of new tourist attractions.
Reconstruction including the demolition of existing obsolete infrastructure.
Expansion of existing tourist facilities.
Interior or exterior renovations.
Adaptation or conversion of existing structures for tourism purposes.
Acquisition or replacement of tourism equipment.
Acquisition of an existing tourism enterprise.
Deployment of new tourist experiences.

grant_eligibility_criteria|zone

This grant is available to companies located in Quebec, as specified by the funding body.

Companies legally constituted in Quebec are eligible.
Projects conducted in the Îles-de-la-Madeleine are also eligible.

grant_single_labels|criteria

There are evaluation and selection criteria for this grant that help determine the eligibility and suitability of projects for funding. These criteria ensure projects align with the program’s objectives and demonstrate potential for positive impact on the tourism sector.

Project alignment with the program’s objectives
Potential to stimulate private investments
Support for tourism business succession
Potential for growth, development, and sustainability of the business
Impact on regional economy through increased visitors and revenue
Contribution to economic and social vitality of communities and regions
Development of a sustainable, original, and diversified tourism offering
Demonstration of profitability prospects
Obtaining or pursuing the Adventure Écotourisme Québec “Accrédité Qualité-Sécurité” seal when required

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Obtain Application Form
- Contact the Service d’accueil et d’information at 1 844 474-6367 for more details.
- Download the application form for Volet 1 from the specified website.
Step 2: Complete Application Form
- Ensure all fields in the application form are filled accurately.
- Attach any required documents as listed in the application form.
- Save the completed form using Adobe Reader (version 10 or higher).
Step 3: Submit Application
- Email the completed application form and all necessary documents to IQtourisme@invest-quebec.com.

grant_single_labels|otherInfo

Here is additional relevant information for this grant:

A moratorium on capital repayment can extend up to 36 months, allowing projects a buffer period before repayment commences.
The financial intervention is subject to government aid accumulation rules, which cap aid at a percentage of the total admissible cost based on project type.
The financial assistance can be structured as a repayable contribution, either in the form of a loan or a loan guarantee.