grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateApril 06, 2023
  • grant_single|closingDateDecember 31, 2025
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Accommodation and food services
grant_single|grantors
  • Gouvernement du Québec
  • Investissement Québec (IQ)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a term loan between $100,000 and $5 million to cover up to 90% of the eligible costs of a renovation project for your establishment. You must secure a contribution from private sources to cover at least 10% of the total costs.

grant_single_labels|projects

This grant program is specifically available for establishments of the hotel sector operating across the province of Quebec. Investments are focused on enhancing the tourist accommodation infrastructure within this region.
  • All regions of Quebec, excluding new constructions in the territories of the Island of Montreal and Quebec City.
  • Includes specific projects from Indigenous communities recognized by the National Assembly and those in Îles-de-la-Madeleine.
grant_single|admissibleProjectsExample

$450,000

Vancouver
Expansion of a family-owned hotel to add 20 new rooms

$450,000

Winnipeg
Upgrade of eco-friendly hotel infrastructure to attract sustainable tourism

$450,000

Quebec City
Acquisition and renovation of a small inn to boost local tourism

$450,000

Halifax
Modernization of a rural hotel to support agritourism

$450,000

Montreal
Renovation of a historical boutique hotel

$4,500,000

Toronto
Construction of a modern luxury hotel to attract international visitors

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and project type.
  • The applicant must be registered on the site BonjourQuébec.com, except for start-up projects.
  • The applicant must operate within Quebec.
  • The applicant must demonstrate medium-term profitability prospects.
  • The applicant must be considered as a hotel-type accommodation establishment.
  • The applicant must possess documents demonstrating commitment to sustainable development or corporate social responsibility, and/or must commit to sustainable construction principles for the planned works.

grant_eligibility_criteria|who_can_apply

Eligible applicants for this grant include for-profit businesses, non-profit organizations (NPOs), cooperatives, and Indigenous communities or nations recognized by the National Assembly, as well as any grouping of these clients.

grant_eligibility_criteria|who_cannot_apply

This grant specifically excludes projects in certain industries, focusing the funding on particular sectors aligned with its objectives. The restrictions are outlined to support industries that contribute to the enhancement of hotel infrastructure and tourism capacity.
  • Companies in the retail and restaurant sector.
  • Businesses involved in gambling.
  • Enterprises related to the sale and consumption of alcohol or cannabis.
  • Projects that are already completed or in progress.
  • State corporations.

grant_eligibility_criteria|eligible_expenses

The fund is designed to improve hotel infrastructure and expand tourism accommodation in Quebec. Eligible projects focus on both renovation and acquisition to enhance the sector's capacity and service quality.
  • Construction and renovation of hotel infrastructure.
  • Upgrading existing hospitality facilities, including meeting rooms, public areas, and building exteriors.
  • Acquisition of existing hotel establishments.
  • Expansion of existing hotel establishments.

grant_eligibility_criteria|zone

The grant covers specific expenses related to the improvement and expansion of hotel infrastructures.
  • Working capital
  • Equipment and capital assets

grant_single_labels|criteria

The evaluation and selection criteria for this grant involve several key requirements related to the eligibility of the applicant and the nature of the project. These criteria aim to ensure that the funded projects have solid economic viability and align with sustainable development principles.
  • The enterprise must be registered on the site BonjourQuébec.com, except for start-up projects.
  • Activities must be conducted in Quebec.
  • Demonstrate medium-term profitability prospects.
  • Be considered an establishment of the hotel accommodation type.
  • Possess documents that prove engagement in a structured approach to sustainable development or social responsibility of organizations (RSE) and/or commit to sustainable construction principles for the planned work.
  • For the project's financing, there must be a minimal private contribution of at least 20% of eligible expenditures, or 10% in the case of projects by communities or nations recognized by the National Assembly, or projects located in the Îles-de-la-Madeleine.
  • The financial assistance is subject to rules of governmental aid accumulation, with a maximum of 50% of the total eligible project cost for for-profit enterprises, 80% for non-profit organizations (NPOs) and cooperatives, and 90% for projects by communities or nations recognized by the National Assembly or those located in the Îles-de-la-Madeleine.

grant_single_labels|register

  • Step 1: Preliminary Assessment
    • Verify eligibility criteria and ensure your establishment is considered a "hotel-type accommodation facility".
    • Ensure your establishment is registered on BonjourQuébec.com, except for startup projects.
    • Confirm your business operates in Quebec and showcases medium-term profitability prospects.
    • Ensure you have documentation affirming your business’s commitment to sustainable development or corporate social responsibility.
  • Step 2: Gather Documentation
    • Collect documents required for the application as indicated in the financial request form.
    • Prepare evidence of private funding sources meeting the minimum requirement (20% or 10% for specific communities).
  • Step 3: Complete Application Form
    • Download, save, and complete the financial request form for "Volet 2" using Adobe Reader (version 10 or higher).
  • Step 4: Submit Application
    • Email the completed application form and accompanying documents to IQtourisme@invest-quebec.com.
  • Step 5: Follow-Up
    • For any additional questions or to ensure your application was received, contact the Service d’accueil et d’information at 1 844 474-6367.
  • Step 6: Await Feedback
    • Await correspondence from Investissement Québec regarding the status of your application.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The grant includes a maximum repayment term of 20 years and allows for a capital repayment moratorium of up to 24 months.
  • Interest may be capitalized for a maximum of 2 years during the moratorium period.
  • Financial interventions are subject to government aid accumulation rules: up to 50% of total eligible project costs for for-profit enterprises, 80% for non-profit organizations and cooperatives, and 90% for indigenous communities or projects in the Îles-de-la-Madeleine.
  • The interest rate can be a fixed rate or variable rate, based on Québec bond rates or Investissement Québec's prime rate.
  • The program is managed by Investissement Québec for the Ministry of Tourism, with the application deadline set for December 31, 2025.
  • While the grant supports a wide range of projects, the construction of new hotel establishments in Montréal and Québec City is excluded.

grant_single_labels|documents

Program Supporting the Development of Tourist Attractions — Stream 2

grant_single_labels|contact

annie.cloutier@invest-quebec.com
4184061131

Apply to this program