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

FLI program supports business ownership transition and acquisition
MRC La Vallée-de-l'Or
Last Update: March 4, 2026
Funding available
$ 250,000
Timeline
  • Open Date : January 1, 2023
  • Closing date : December 31, 2023
Location
Abitibi-Témiscamingue, Quebec, Canada

Overview

The Fonds local d’investissement (FLI) program aims to support business succession and acquisitions by financing up to $250,000, with a focus on maintaining the economic diversity in the MRC de la Vallée-de-l’Or region. Eligible activities include acquiring at least 25% of an existing business's shares or assets, or undertaking a complete acquisition.

/100
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 : 250,000 $
  • Up to 15% 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
  • Non-profit
  • Public or Parapublic institution
  • For-profit business
  • Sole proprietorship
  • Social economy enterprise
  • Non-financial cooperative
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Canadians
  • Startups
Non-profit candidates
Sector of operation
  • All industries
Target groups
  • Business owners / entrepreneurs
Revenue structures
  • All structures
Scope
  • Regional

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

This grant focuses on assisting entrepreneurs in acquiring or taking over existing businesses to sustain economic diversity in the MRC de la Vallée-de-l’Or region. Eligible projects include significant share acquisitions and business takeovers.

  • Acquisition of at least 25% of an existing company's shares or assets to facilitate a business succession.
  • Full acquisition of a business's shares or assets, excluding simple buyouts.

Eligibility

Who is eligible?

Eligible applicants include Canadian citizens or landed immigrants who are permanent residents of Quebec and are over 18 years old. Applicants must have relevant experience and/or training related to the project, commit to working full-time (minimum 35 hours per week), and invest a minimum of 15% as their own contribution towards the project.

Eligible expenses

The grant covers expenses directly related to the acquisition or transition of business ownership.

  • Expenses for the acquisition of ownership titles of the targeted business (voting shares or units).
  • Professional service fees directly related to the acquisition transaction.
  • Expenses related to the acquisition of assets of the targeted business, excluding goodwill expenses.

Eligible geographic areas

This fund is targeted at companies operating within the MRC de la Vallée-de-l'Or to support local economic diversity through business succession and acquisition projects.

  • Companies based in the MRC de la Vallée-de-l'Or region.

Additional information

Here are additional relevant details for the Fonds local d’investissement (FLI) grant:

  • The grant is offered as a loan, not a gift, and repayment is required under specified terms.
  • A loan is provided interest-free up to $25,000 for projects both under "relève" (succession) and "acquisition", with an additional amount subject to 4% interest for acquisitions.
  • A minimum personal investment of 15% of the project costs is mandatory.
  • Proposals can include a balance of sale price from the vendor as part of the personal investment if it's not repayable during the loan period.
  • Beneficiaries must work full-time in the business as a condition of receiving the grant.
  • In case of obligation default, the non-reimbursed part of the loan must be immediately repaid.
  • Upon approval, an agreement with the MRC is required, detailing ownership and operational fidelity to the project.
  • The financing term ranges from one to seven years, including any moratorium period if applicable.
  • The loan may be repaid early without penalty.
  • The entrepreneur(s) must guarantee the loan personally.
  • The initiative concludes on December 31, 2024, with potential extension.

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?

The Fonds local d’investissement (FLI) program aims to support business succession and acquisitions by financing up to $250,000, with a focus on maintaining the economic diversity in the MRC de la Vallée-de-l’Or region. Eligible activities include acquiring at least 25% of an existing business's shares or assets, or undertaking a complete acquisition.

How much funding can be received?

MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream Funds up to 15% of admissible expenses, capped at $250,000 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: Applicants must be Canadian citizens or permanent residents of Quebec and over 18 years old. Applicants must have relevant experience and/or training related to the project. Applicants must commit to working full-time (minimum 35 hours per week) on the project.

What expenses are eligible under MRC La Vallée-de-l'Or — Local Investment Fund FLI – Succession Stream?

This grant focuses on assisting entrepreneurs in acquiring or taking over existing businesses to sustain economic diversity in the MRC de la Vallée-de-l’Or region. Eligible projects include significant share acquisitions and business takeovers. Acquisition of at least 25% of an existing company's shares or assets to facilitate a business succession. Full acquisition of a business's shares or assets, excluding simple buyouts.

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

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