Program Supporting the Development of Tourist Attractions — Stream 2
At a glance
- From 100,000$ to 5,000,000$
- 90% of project cost
- Open Date : April 06, 2023
- Closing date : December 31, 2025
- All industries
- Investissement Québec
- Gouvernement du Québec
Overview
Eligibility criteria
This grant is aimed at improving the state of hotel infrastructure and adding tourist accommodation units. The eligibility criteria for this grant include being a for-profit company, non-profit organization, or cooperative legally constituted in Quebec, as well as recognized Indigenous communities or nations.
- Must be registered on the BonjourQuebec.com website, except for startup projects
- Operate in Quebec
- Demonstrate medium-term profitability prospects
- Be considered a hotel-type accommodation establishment
- Possess documents demonstrating engagement in sustainable development practices or social responsibility, or commit to prioritizing sustainable construction principles
Who is eligible
Eligible types of companies for this grant include for-profit businesses, non-profit organizations (OBNL), cooperatives, communities, and indigenous nations recognized by the National Assembly or any combination of these groups.
- For-profit businesses
- Non-profit organizations (OBNL)
- Cooperatives
- Communities and indigenous nations recognized by the National Assembly or a combination of these groups
Who is not eligible
Some types of companies are not eligible for this grant. Only businesses in the retail and restaurant sector, those involved in gambling, and those selling or consuming alcohol or cannabis are not eligible for funding under this program.
- Businesses in the retail and restaurant sector
- Companies related to gambling
- Businesses selling or consuming alcohol or cannabis
Eligible expenses
There are eligible expenses for this grant. Eligible expenses include funds for working capital, equipment, and capital assets.
- Working capital
- Equipment and capital assets
Eligible projects & activities
Some of the eligible projects and activities for this grant include construction, renovation, and upgrading of hotel infrastructure, acquisition of hotel establishments, and construction and expansion of hotel facilities. Projects related to retail and restaurants, gambling, and alcohol or cannabis sales are not eligible.
- Construction, renovation, and upgrading of hotel infrastructure
- Acquisition of hotel establishments
- Construction and expansion of hotel facilities
Evaluation & selection criteria
There are evaluation and selection criteria for this grant. The evaluation and selection criteria are as follows:
- Be registered on the BonjourQuébec.com website, except for startup projects.
- Operate in Quebec.
- Demonstrate medium-term profitability prospects.
- Be considered a hotel-type accommodation establishment.
- Possess one or more documents demonstrating commitment to a structured sustainable development or corporate social responsibility (CSR) approach and/or commit to favoring sustainable construction principles for the work to be carried out.
How to apply
- Step 1: Fill out and submit the application form - Fill out and return the financial request form for Volet 2 along with the required documents to IQtourisme@invest-quebec.com.
- This step is crucial as it initiates the application process for the grant.
- Step 2: Review eligibility criteria - Ensure that your company meets all the eligibility criteria mentioned in the program details.
- Reviewing the criteria helps in determining if your business qualifies for the grant.
- Step 3: Prepare necessary documents - Gather all the required documents as indicated in the application form.
- Having the necessary documents ready ensures a smooth application process.
- Step 4: Submit application and documents - Submit the completed application form and all required documents to the specified email address.
- Submission of the application is essential to be considered for the grant.
Additional information
- Applicants should ensure they meet all eligibility criteria and provide all required documentation when submitting their application.
- It is important to carefully review all terms and conditions of the grant program to fully understand the requirements and obligations.
Grant Summary
This grant program offers financial assistance to hotel establishments for the renovation, upgrade, and expansion of their infrastructure. It provides repayable loans with a minimum amount of $100,000 and a maximum of $5 million, with specific eligibility criteria and project guidelines.
Grant Details
The Hotel Establishment Funding Program aims to enhance the quality of hotel infrastructure and expand accommodation options for tourists. Eligible projects include renovations, construction, and acquisitions in the hotel sector, with a focus on sustainability and social responsibility. The program offers financial support in the form of repayable loans, requiring a minimum private sector contribution, and adherence to government funding accumulation rules. Eligible applicants include for-profit businesses, non-profit organizations, cooperatives, and recognized Indigenous communities or groups in Quebec. The program's funding covers a wide range of eligible expenses, including working capital, equipment, and capital investments, subject to certain conditions.
Hotel businesses seeking financial support for infrastructure improvements and expansion can benefit from this program by leveraging government funding to enhance their facilities and attract more tourists. With a focus on sustainability and community engagement, the program encourages eligible entities to pursue projects that align with responsible business practices and contribute to the overall development of Quebec's hospitality sector.
