Ville de La Tuque — Local investment fund
QC, Canada
Local Investment Funds support local entrepreneurship in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|closingDateDecember 31, 2025
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Ville de La Tuque
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds locaux d’investissement aims to stimulate local entrepreneurship by facilitating access to capital for business start-ups, improvements, expansions, and entrepreneurial succession, offering a maximum funding amount of $150,000. Eligible activities include startup commercialization, productivity improvements, digital transformation, sustainable organizational practices, business expansions, and entrepreneurial acquisitions with 25% or more of a company.
grant_single_labels|terms_and_conditions
This grant offers various financing modalities with flexible options to support both for-profit and social economy enterprises in their entrepreneurial projects.
- The assistance is primarily provided through loans, participatory loans, loan guarantees, suretyships, acquisition of bonds or other debt securities, and participation in equity capital, excluding grants, sponsorships, donations, and similar expenses.
- The maximum aid rate is 50% of eligible expenses for for-profit enterprises and up to 80% for social economy enterprises.
- The total government aid must not exceed 50% of the total project cost, except for social economy enterprise projects, where it can reach 80%.
- The maximum amount of aid is $150,000 for a twelve-month period, though higher aid amounts can be granted at the discretion of the Quebec government for certain projects.
- Each investment project must include a minimum contribution (equity) from the promoters or the enterprise equivalent to 15% of its total cost.
grant_single_labels|projects
This grant aims to enhance local entrepreneurship by facilitating access to capital and expediting projects focused on business startup, improvement, expansion, and entrepreneurial succession.
- Business startup projects for companies operational for less than two years and in the commercialization phase.
- Business improvement and transformation projects operational in Quebec for at least one year, targeting productivity enhancement, digital transformation acceleration, and sustainable organizational practices.
- Business growth and expansion projects for companies operational in Quebec for over two years, aiming at business growth and investment realization for business expansion.
- Entrepreneurial succession projects where entrepreneurs or groups acquire at least 25% of an existing business or its assets for succession planning.
grant_single_labels|admissibility
Eligibility for this grant requires that businesses meet specific criteria related to their legal status and operational history.
- The business must be a legally constituted for-profit entity under the laws of Québec or Canada.
- The business can be a collective enterprise such as a cooperative or a non-profit organization with commercial activities.
- The organization must be legally established in Québec for carrying out its operations, regardless of its constituting law.
- The applicants and their subcontractors must not be listed on the Register of enterprises ineligible for public contracts (RENA).
- The business must have fulfilled all obligations related to a previous financial assistance received from the Government of Québec or the regional county municipality (MRC) for at least two years.
- The business must not be a state-owned enterprise or a company controlled directly or indirectly by a municipal, provincial, or federal government, a municipal entity, or an enterprise predominantly owned by a state corporation.
- The business must not be bankrupt or insolvent.
- The business must uphold ethical standards and not offer products or services that could undermine the integrity of the Government of Québec.
- The business must be eligible according to the investment policy of the MRC.
grant_eligibility_criteria|who_can_apply
Eligible applicants include legally constituted for-profit businesses and collective enterprises (cooperatives and NPOs with commercial activities) that operate in Quebec under the laws of either Quebec or Canada. All applicants must not be on the Register of companies ineligible for public contracts (RENA), must have no unresolved issues with previous financial aid from the Quebec government or regional county municipality (MRC), should not be state-controlled enterprises, must not be bankrupt, insolvent, or unethical, and must align with MRC investment policies.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions ensure that funds are not misallocated to ineligible entities.
- Companies registered in the public contract non-eligible business registry (RENA).
- State-owned enterprises or those controlled directly or indirectly by the government (municipal, provincial, or federal).
- Businesses in bankruptcy or insolvency.
- Entities with ethical violations or those offering products/services compromising government integrity.
grant_eligibility_criteria|eligible_expenses
The grant covers eligible expenses related to starting, improving, expanding, and business succession projects.
- Additional working capital needs beyond current operating expenses necessary for project execution, for up to two years.
- Capital expenditures directly related to the project, such as technology acquisition, land, building, equipment, machinery, and mobile equipment acquisition, as well as construction, expansion, renovation, and landscaping.
- Fees related to preliminary project activities, such as feasibility analysis, external audit, or impact study.
- Fees directly related to project implementation, such as technology, equipment, and machinery setup, as well as acquisition, construction, renovation, and landscaping.
- Acquisition expenses of ownership interests in the target business (voting shares or units) and assets of the targeted business for entrepreneurial succession projects.
- Fees directly related to the transaction and acquisition of the business, as well as management succession in entrepreneurial succession projects.
grant_eligibility_criteria|zone
This grant is available to businesses operating within various regions managed by different MRCs throughout Quebec. These regions are specified to promote local entrepreneurship and economic development.
- Abitibi-Témiscamingue: Abitibi, Abitibi-Ouest, La Vallée-de-l'Or, Rouyn-Noranda, Témiscamingue
- Bas-Saint-Laurent: Kamouraska, La Matanie, La Matapédia, La Mitis, Les Basques, Rimouski-Neigette, Rivière-du-Loup, Témiscouata
- Capitale-Nationale: Charlevoix, Charlevoix-Est, La Côte-de-Beaupré, La Jacques-Cartier, L'Île-d'Orléans, Portneuf, Québec
- Centre-du-Québec: Arthabaska, Bécancour, Drummond, L'Érable, Nicolet-Yamaska
- Chaudière-Appalaches: Beauce-Sartigan, Bellechasse, La Nouvelle-Beauce, Les Appalaches, Les Etchemins, Lévis, L'Islet, Lotbinière, Montmagny, Robert-Cliche
- Côte-Nord: Caniapiscau, La Haute-Côte-Nord, Le Golfe-du-Saint-Laurent, Manicouagan, Minganie, Sept-Rivières
- Estrie: Brome-Missisquoi, Coaticook, La Haute-Yamaska, Le Granit, Le Haut-Saint-François, Les Sources, Le Val-Saint-François, Memphrémagog, Sherbrooke
- Gaspésie–Îles-de-la-Madeleine: Avignon, Bonaventure, La Côte-de-Gaspé, La Haute-Gaspésie, Le Rocher-Percé, Les Îles-de-la-Madeleine
- Lanaudière: D'Autray, Joliette, L'Assomption, Les Moulins, Matawinie, Montcalm
- Laurentides: Antoine-Labelle, Argenteuil, Deux-Montagnes, La Rivière-du-Nord, Les Laurentides, Les Pays-d'en-Haut, Mirabel, Thérèse-De Blainville
- Laval: Laval
- Mauricie: La Tuque, Les Chenaux, Maskinongé, Mékinac, Shawinigan, Trois-Rivières
- Montérégie: Acton, Beauharnois-Salaberry, La Vallée-du-Richelieu, Le Haut-Richelieu, Le Haut-Saint-Laurent, Les Jardins-de-Napierville, Les Maskoutains, Longueuil, Marguerite-D'Youville, Pierre-De Saurel, Roussillon, Rouville, Vaudreuil-Soulanges
- Nord-du-Québec: Administration régionale Baie-James (ARBJ)
- Outaouais: Gatineau, La-Vallée-de-la-Gatineau, Les Collines-de-l'Outaouais, Papineau, Pontiac
- Saguenay–Lac-Saint-Jean: Lac-Saint-Jean-Est, Le Domaine-du-Roy, Le Fjord-du-Saguenay, Maria-Chapdelaine, Saguenay
grant_single_labels|register
Here are the steps to submit an application for the Fonds locaux d’investissement:
- Step 1: Determine Eligibility
- Ensure your business or organization meets all the eligibility criteria, including legal incorporation in Quebec and adherence to previous financial aid obligations, if applicable.
- Step 2: Identify Relevant MRC
- Locate your municipality or MRC (Municipal Regional County) responsible for managing the Fonds locaux d’investissement in your area.
- Contact the MRC or local economic development organization to obtain application guidelines specific to their policies.
- Step 3: Prepare Application
- Compile all necessary documents, including detailed project plans, financial statements, and any previous financial aid receipts.
- Outline your project's objectives, expected outcomes, and accurately detail anticipated costs and funding requirements.
- Step 4: Submit Application
- Follow the submission guidelines provided by your local MRC or economic development organization.
- Ensure all documents and application forms are completed thoroughly and submitted before any relevant deadlines.
- Step 5: Await Evaluation
- The MRC will review your application for eligibility, completeness, and project viability.
- Await correspondence from the MRC regarding the status of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The financial assistance is in the form of loans, participatory loans, loan guarantees, bonding, acquisition of bonds or other debt securities, equity investments, social capital, or other forms, excluding subsidies, sponsorships, donations, and similar expenses.
- The maximum aid rate is 50% of eligible expenses for for-profit businesses and 80% for social economy enterprises.
- The total of government assistance cannot exceed 50% of the total project cost, except for social economy enterprise projects, where financial assistance can reach 80%.
- The maximum amount of aid is $150,000 for a twelve-month period. Higher amounts may be granted to certain projects at the discretion of the Government of Quebec.
- A minimum contribution (equity) from the promoters or the company equivalent to 15% of the total project cost is required.
- The terms are valid until December 31, 2025.
