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Source verified April 27, 2026
Latest source updateLast Update: May 3, 2026Latest change: The page now presents the Succession Fund within the Local Investment Funds framework, with updated eligibility, excluded sectors, funding terms, and contact details.View change
Latest source update
Last Update: May 3, 2026
Latest change: The page now presents the Succession Fund within the Local Investment Funds framework, with updated eligibility, excluded sectors, funding terms, and contact details.
Succession Fund updated with Local Investment Funds details
The Succession Fund content was expanded and reorganized under the Local Investment Funds program, adding a broader program overview and a new business succession category. It now includes detailed excluded sectors, revised eligible expense groupings, and clearer investment terms, including amount range and moratorium periods. The contact section was also updated with a new advisor, phone numbers, and email address. The application instructions remain generally the same at a high level, but the page now points users to the updated Local Investment Funds structure and eligibility details.
Funding available
$ 20,000 - $ 250,000
Deadline
Open continuously
Location
Laval, Quebec, Canada
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 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
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.
Official resources
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.
How to apply
- Step 1: Complete the application form
- Provide your name, company name, business address, email, phone number, business sector, and a short project description.
- Step 2: Submit the request
- Send the form to Laval économique using the online application form.
- Step 3: Receive follow-up
- A member of the team will contact you after submission.
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
Other components of this program
Explore related funding streams and grants that belong to the same program.
- Développement Vaudreuil-Soulanges — FLI-FLSFunding for business projects in Vaudreuil-Soulanges
- MRC Abitibi — Local Investment Fund (FLI)Local financing for business growth and succession
- MRC Arthabaska - Local Investment Fund (FLI)Term financing for business growth
- MRC Beaharnois-Salaberry — Local Investment Fund (FLI)Support for business development and job creation in Beauharnois-Salaberry
- MRC Beauce-Centre — Local Investment Funds (FLI-FLS)Local financing for business growth in Beauce-Centre
- MRC Bécancour - Local Investment Fund (FLI) - “General” componentTerm financing for business growth and acquisitions
- MRC Bécancour — Local Investment Fund (FLI) - “Business to be acquired” componentFinancing for business acquisition projects
- MRC Bécancour — Local Investment Fund (FLI) - “Developing business” componentFinancing for manufacturing development projects
- MRC Bécancour — Local investment fund (FLI) - “new business” componentFinancing for new manufacturing businesses
- MRC Bellechasse — Local Investment Fund - Succession Component (FLI Relève)Interest-free succession financing for businesses
Frequently Asked Questions about the Succession Fund Program
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