Closed
Last Update: April 27, 2026
Funding available
$ 20,000 - $ 250,000
Timeline
- Receipt of requests is now closed
Location
Laval, Quebec
Overview
The Succession Fund offers up to $250,000 for business takeover projects in Laval. It supports the acquisition of an existing business through eligible purchase-related expenses and professional fees.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
- Complete an acquisition or business transfer
- Start a business
Eligible Funding
- Maximum amount : 250,000 $
- Minimum amount : 20,000 $
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Construction
- Manufacturing
- Retail trade
- Real estate and rental and leasing
- Accommodation and food services
- Other services (except public administration)
- Public administration
Location
- Laval
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Acquisition of an existing business for succession purposes.
- Acquisition of business assets as part of a takeover.
Eligibility
Who is eligible?
- Entrepreneurs.
- Groups of entrepreneurs.
Who is not eligible
- Businesses operating outside Laval.
- Businesses in excluded sectors, including retail, construction, tobacco and cannabis, real estate, conventional agriculture, food services, and services to individuals.
- Projects involving controversial, sexual, religious, or political activities.
Eligible expenses
- Purchase of ownership in the target business, including voting shares or units.
- Expenses related to acquiring the target business's assets.
- Professional fees directly linked to the acquisition transaction.
Eligible geographic areas
- Laval, Quebec.
Processing and Agreement
- Your accessibility is assessed by the program team.
- Other available resources may be shared during the review process.
- The team provides follow-up and support during the application process.
Additional information
- The program is part of Laval économique's Local Investment Funds.
- The succession stream was formerly known as the Business Transfer Fund.
- The team offers support to assess access to the program.
- Applicants can be guided toward other available resources.
Contacts
Frequently Asked Questions about the Succession Fund Program
Here are answers to the most common questions about the Succession Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Succession Fund?
The Succession Fund offers up to $250,000 for business takeover projects in Laval. It supports the acquisition of an existing business through eligible purchase-related expenses and professional fees.
How much funding can be received?
Succession Fund Funds up to $250,000 of admissible expenses.
Who is eligible for the Succession Fund program?
To be eligible for the Succession Fund program, you must:
Business activities in Laval.
Acquisition of at least 25% of a business.
Project aimed at business takeover.
What expenses are eligible under Succession Fund?
Acquisition of an existing business for succession purposes.
Acquisition of business assets as part of a takeover.
Who can I contact for more information about the Succession Fund?
You can contact Laval Economique by email at a.lafreniere@laval.ca or by phone at 450-978-6888.
Where is the Succession Fund available?
The Succession Fund program is available Laval, Quebec.
Is the Succession Fund a grant, loan, or tax credit?
Succession Fund is a Loans and Capital investments