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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
Frequently Asked Questions about the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream Program
Here are answers to the most common questions about the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream. 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 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 by email at none 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.