Targeted Funds for Large PQ Manufacturers

September 2, 2020

Food Processors Funding for Manufacturers Funding for Forestry Quebec Automotive

 

Businesses in Quebec can now apply to these three funding programs

 

Emploi-Quebec: Workforce Training Measure

Funding Overview

The workforce training measure for businesses is designed to support the skills development of those at risk of losing their jobs. This program could also help maintain the expertise in place in your company. Up to 50% of training related costs can be covered, to a maximum of $2M.

Eligible Recipients

All employers located in Quebec can participate in this program, with the exception of public bodies and political organizations.

ESSOR Investment Program

Funding Overview

ESSOR covers up to 50% of project costs, and offers special financing to key industries. The program objective is to provide the cash flow businesses need to carry out investment projects while maintaining regular operations. This program is administered jointly by Investissement Québec and the Ministère de l’Économie et de l’Innovation.

Eligible Recipients

Fast Growing Companies:

Companies who are looking to the future and seeking financing so they can carry out  substantial, long-term development projects with expenditures exceeding $250,000

Forestry

Funding support designed for forestry companies that want to invest in new
high-performance equipment

Steel & Aluminum

Limited-time support for the working capital of eligible companies so that they can continue their activities, and survive special tariffs

Manufacturers

For manufacturing companies planning innovative investment projects with eligible expenditures of $100,000 or more

Electricity Cost Reduction Program

Funding Overview

In the Québec Economic Plan, the provincial government announced the implementation of a program to stimulate capital investment by large industrial companies that are located in Québec. These companies can receive assistance in the form of reduced electricity costs, enabling them to recoup up to 40% of eligible project costs.

Eligible Recipients

This program applies to businesses whose power consumption is 5,000 kilowatts (kW) or more and which is principally for an industrial activity. Key industries of focus include: Mining, Forestry, Oil & Gas, Manufacturing, Pulp & Paper, Iron & Steel, Chemicals and Construction.

Need some advice?

Not sure if your organization qualifies for government funding? Schedule a free assessment with us today.

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At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.