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MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream
Support for business succession and acquisition projects
Last Update: April 9, 2026
Funding available
$ 50,000
Timeline
- Open Date : January 1, 2023
- Closing date : December 31, 2023
Location
Abitibi-Témiscamingue, Quebec, Canada
Overview
This program supports business succession and acquisition projects in the MRC de la Vallée-de-l'Or. Funding can reach up to $25,000 for succession projects and up to $50,000 for acquisition projects.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Complete an acquisition or business transfer
Eligible Funding
- Maximum amount : 50,000 $
- Up to 50% of project cost
Timeline
- Open Date : January 1, 2023
- Closing date : December 31, 2023
Eligible candidates
Eligible Industries
- All industries
Location
- La Vallée-de-l’Or
- Abitibi-Témiscamingue
- Quebec
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Newcomers to Canada
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business succession projects involving the transfer of ownership and management.
- Business acquisition projects involving the purchase of all shares or assets of a business.
Documents Needed
- Agreement between the entrepreneurs and the current owners for succession projects.
- Documents proving at least 25% ownership for succession projects.
- Documents proving 100% ownership for acquisition projects.
Eligibility
Who is eligible?
- Entrepreneurs or groups of entrepreneurs.
Eligible expenses
- Purchase of business shares or ownership interests.
- Professional fees directly related to the acquisition transaction.
- Purchase of business assets, excluding goodwill.
Ineligible Costs and Activities
- Goodwill expenses.
- Transactions completed before the official application is received by the MRC.
- Simple business buyouts that do not involve the required ownership transfer.
Eligible geographic areas
- MRC de la Vallée-de-l'Or
Processing and Agreement
- The project is reviewed by the MRC before financing is granted.
- Approved projects require an agreement between the MRC and the entrepreneurs.
- Funding is released only after the required ownership documents are provided.
Additional information
- The financing period can run from 1 to 7 years.
- The loan may include a principal payment holiday for the first year.
- Early repayment is allowed at any time without penalty.
- The loan must be guaranteed by the entrepreneurs.
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 MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream Program
What is the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream?
This program supports business succession and acquisition projects in the MRC de la Vallée-de-l'Or. Funding can reach up to $25,000 for succession projects and up to $50,000 for acquisition projects.
How much funding can be received?
MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream Funds up to 50% of admissible expenses, capped at $50,000 per project.
What is the deadline to apply?
The application deadline for this grant program was December 31, 2023.
Who is eligible for the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream program?
To be eligible for the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream program, you must:
Canadian citizen or Quebec permanent resident
18 years or older
Relevant experience or training
What expenses are eligible under MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream?
Business succession projects involving the transfer of ownership and management.
Business acquisition projects involving the purchase of all shares or assets of a business.
Who can I contact for more information about the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream?
You can contact MRC La Vallée-de-l'Or (MRCVO) or by phone at 8198257733.
Where is the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream available?
The MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream program is available Abitibi-Témiscamingue, Quebec.