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MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream - Quebec - Canada
Closed
Source verified July 23, 2026

MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream

Support for business succession and acquisition projects
Offered by
MRC La Vallée-de-l'Or (MRCVO)

Get notified when MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream reopens

Funding available
$ 50,000
Deadline
Unspecified
Location
Abitibi-Témiscamingue, Quebec, Canada
Who can apply

Entrepreneurs or groups of entrepreneurs.

See full eligibility

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.
Receipt of requests is now closed
Get notified about updates to this grant.

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
Funds Providers

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

Availability timeline

2024
Periods: 1

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

8198257733
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Other components of this program

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

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.

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.

Is the MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream a grant, loan, or tax credit?

MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream is a Loans and Capital investments