Fonds local d’investissement (FLI)

The Fonds local d’investissement (FLI) (local investment fund) is a proactive financial tool used to accelerate the implementation of business projects in Vaudreuil-Soulanges. It stimulates local entrepreneurship and supports business projects in order to:

  • Create and support viable enterprises
  • Enable startups or expansions
  • Promote job creation
  • Contribute to the economic development of the MRC’s territory.

It achieves these aims primarily by facilitating the injection of capital. Specifically, the FLI provides loans that make it possible to secure other sources of financing, such as a conventional bank loan, subsidy, investment or other additional capital.

The FLI targets investments of less than $150,000 that will promote the emergence and development of businesses and the creation or preservation of viable jobs.

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Information

This program is for small or mid-sized businesses that have their head office or place of business in Vaudreuil-Soulanges and are active in primary industry, manufacturing, a propulsive service industry or a structuring propulsive industry.

The FLI does not invest in businesses active solely in subcontracting or privatization.

  • Startups and companies wishing to expand, including social enterprises
  • Entrepreneurs (individual or groups) wishing to acquire a stake of at least 25% in an existing company with a view to taking over its management
  • Promoter’s knowledge and experience in the field, as well as management skills
  • Project’s job creation potential
  • Capital injections from other sources such as a bank is a core factor (FLI loan will not exceed such injections)
  • The financial aid may be used for the following:
    • Capital expenditures such as purchases of buildings, lots, equipment, machinery or rolling stock, incorporation costs and similar expenses, except goodwill
    • Purchases of technologies, software or licenses, and similar expenses excluding R&D
    • Working capital, strictly for the business’s operating needs

The project promoter must meet with a DEV Vaudreuil-Soulanges team member.

Documentation

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