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MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) - Quebec - Canada
Closed
Source verified July 31, 2026

MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS)

Local financing for business growth
Offered by
MRC Témiscouata (MRC)
Funding available
$ 150,000
Deadline
April 8, 2025
Opened April 8, 2024
Location
Bas-Saint-Laurent, Quebec, Canada
Who can apply

For-profit enterprises legally constituted under Quebec or Canadian law

See full eligibility

Overview

MRC Témiscouata’s Local Investment Fund (FLI) / Local Solidarity Fund (FLS) supports businesses and social economy enterprises in the MRC de Témiscouata to drive development and preserve jobs. It finances startup, acquisition, improvement, transformation, growth, expansion, temporary financing, and turnaround projects.
Find open grants for your business
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At a glance

Funding available

Financing goals
  • Increase production or service capacity
  • Increase operational productivity
  • Complete an acquisition or business transfer
Eligible Funding
  • Maximum amount : 150,000 $
Funds Providers

Eligible candidates

Eligible Industries
  • All industries
Location
  • Témiscouata
  • Bas-Saint-Laurent
  • Quebec
Legal structures
  • For-profit business
  • Non-profit
  • Social economy enterprise
  • Non-financial cooperative
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • All groups
Non-profit candidates
Sector of operation
  • Economic, Social and Community Development
Target groups
  • Business owners / entrepreneurs
Revenue structures
  • All structures
Scope
  • Regional

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Startup projects
  • Entrepreneurial succession projects
  • Business acquisition projects
  • Improvement and transformation projects, including productivity improvement, digital transformation, sustainable organizational practices, and equipment purchase or renewal
  • Growth and expansion projects, temporary financing for the FLS, and turnaround projects for the FLS

Documents Needed

  • Completed, dated, and signed application form
  • Business plan and/or detailed project description
  • Detailed breakdown of project expenses
  • Project financing package and confirmation of other related funding or financing
  • Financial statements, projected financial statements, and compliance declarations or certificates for francization and equal employment, plus any other document required by the MRC

Eligibility

Who is eligible?

  • For-profit enterprises legally constituted under Quebec or Canadian law
  • Collective enterprises, including cooperatives and OBNLs with commercial activities
  • Entrepreneurs or groups of entrepreneurs seeking at least a 25% participation in an existing business for entrepreneurial succession
  • For the FLS, social economy enterprises that meet the conditions in Annex A

Who is not eligible

  • Individuals cannot be financed directly, except for entrepreneurial succession projects
  • Applicants listed in the RENA, those who failed to meet obligations after formal notice within the previous two years, state-owned or government-controlled corporations, and applicants under the Companies’ Creditors Arrangement Act or the Bankruptcy and Insolvency Act are excluded
  • Applicants with unethical conduct, environmentally irresponsible conduct, or a history of non-compliance with labour standards or human rights legislation are excluded
  • Businesses operating, in whole or in part, in armaments, fossil fuels, gambling, violent games or combat sports, sexual exploitation, real estate management and development, tobacco or drug consumption services, or non-authorized cannabis or industrial hemp activities are excluded unless a prior derogation has been obtained

Eligible expenses

  • Additional working capital for a maximum period of two years
  • Capital expenses directly linked to the project, including technology, land, building, equipment, machinery, rolling stock, construction, expansion, renovation, and site or premises fit-out
  • Professional fees incurred before the project, including feasibility analysis, external audit, and impact study
  • Professional fees directly linked to project implementation, including technology, equipment, machinery, land, and premises acquisition, construction, renovation, and fit-out
  • For entrepreneurial succession projects, acquisition of shares or parts, acquisition of assets, and professional fees linked to the transaction and transfer of management

Ineligible Costs and Activities

  • Costs incurred before the application is filed
  • Debt service, repayment of future loans, capital losses or capital replacements, and payments or amounts disbursed as capital
  • Transactions between related businesses or partners
  • Research and development expenses
  • Normal operating expenses and Quebec sales taxes

Eligible geographic areas

  • MRC de Témiscouata
  • Quebec

Selection criteria

  • The business plan must show profitability, repayment capacity, and good long-term prospects.
  • Promoters must demonstrate relevant experience, management skills, and access to internal or external support if needed.
  • Projects are assessed on environmental and social benefits, including sustainable business practices.
  • The company’s openness toward workers and labour relations is considered.
  • Participation from other financial partners is highly desirable, and turnaround projects are allowed only if the FLS portfolio balance permits it.

How to apply

  • Submit the application with the required information and documents.
  • Send the file by the last day of the month preceding the date of the next committee.

Processing and Agreement

  • Admissibility, analysis, and decision are handled by the MRC.
  • Applications are processed and analyzed continuously once the required information and documents have been provided.
  • Processing is based on equitable treatment among companies, budget availability, and compliance with the management standards.

Additional information

  • The MRC development service provides support, advice, technical assistance, and mentoring to promoters.

Other components of this program

Explore related funding streams and grants that belong to the same program.

Frequently Asked Questions about the MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) Program

What is the MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS)?

MRC Témiscouata’s Local Investment Fund (FLI) / Local Solidarity Fund (FLS) supports businesses and social economy enterprises in the MRC de Témiscouata to drive development and preserve jobs. It finances startup, acquisition, improvement, transformation, growth, expansion, temporary financing, and turnaround projects.

How much funding can be received?

MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) Funds up to $150,000 of admissible expenses.

What is the deadline to apply?

The application deadline for this grant program was April 8, 2025.

Who is eligible for the MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) program?

To be eligible for the MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) program, you must: The business must operate in the territory of the MRC de Témiscouata. The business must have its head office in Quebec. The business must be registered in the Registre des entreprises du Québec (REQ).

What expenses are eligible under MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS)?

Startup projects Entrepreneurial succession projects Business acquisition projects Improvement and transformation projects, including productivity improvement, digital transformation, sustainable organizational practices, and equipment purchase or renewal Growth and expansion projects, temporary financing for the FLS, and turnaround projects for the FLS

Where is the MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) available?

The MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) program is available Bas-Saint-Laurent, Quebec.

Is the MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) a grant, loan, or tax credit?

MRC Témiscouata — Local Investment Fund (FLI) / Local Solidarity Fund (FLS) is a Loans and Capital investments