Subsidy for buildings occupied by social economy businesses
Your social economy business is established in Montréal? Get up to $400,000 in subsidies to acquire a lot or a building. You can also take advantage of the program to complete a construction, renovation or expansion project on a building or premises.
Eligibility criteria
- Be a non-profit organization or a cooperative in the greater Montréal area.
- Demonstrate at least 20% autonomous revenue generated by its activities as a social economy enterprise, i.e. “organizations that combine economic profitability, social mission and meeting the needs of a community of members or users, while being democratically governed.”
- Be the owner, future owner or tenant of the building or premises covered by the application.
Acquisition, renovation or construction of a building
Component 1: Acquisition of a building or lot
Financial assistance can reach 40% of the cost of acquisition, without exceeding $400,000.
Companies whose application is accepted must acquire the building or land no later than June 30, 2030, or no later than 6 months after confirming their eligibility for the program.
To submit an application for Component 1, please:
1. Complete the “Declaration - Charter of the French Language (in French)” form. To learn more, read the Guide to the Charter of the French Language declaration (in French).
2. Prepare digital versions of the following documents:
- Letters patent of the organization
- Financial statements for the last 2 fiscal years or, if the company has been incorporated for less than a year, its business plan
- Promise to sell or buy the property, signed by the social economy enterprise and the seller
- Board resolution authorizing the submission of the application and appointing a representative (template proposal - in French)
- Declaration - Charter of the French Language (see point 1 above)
3. To make this easier, we recommend looking at the form overview (in French) before you start. Please note that the actual application form below cannot be saved until it is fully completed.
4. Complete the application form and file the required documents using the filing links provided for this purpose.
Important note: Subsidies will not be granted for the acquisition of an immovable whose deed of sale is signed before obtaining a written notice of eligibility from the Service du développement économique.
Important note: Subsidies will not be granted for projects undertaken before obtaining a written notice of eligibility from the Service du développement économique.
Component 2 : Renovation or construction of a building
Financial assistance can reach 40% of the cost of eligible projects, to which can be added 50% of professional fees (architecture, design, engineering, project management, urban planning, archaeology or consultancy), without exceeding $400,000.
Companies whose application is accepted must have completed the bulk of their project no later than June 30, 2030, or no later than 18 months after confirming their eligibility for the program. The project must be carried out by contractors who hold an appropriate license from the Régie du bâtiment du Québec.
1. Complete the “Declaration - Charter of the French Language” form. To learn more, read the Guide to the Charter of the French Language declaration (in French).
To submit an application for Component 2, please:
2. Prepare digital versions of the following documents:
- Letters patent of the organization
- Financial statements for the last 2 fiscal years or, if the company has been incorporated for less than a year, its business plan
- Submission itemized by item, covering all planned projects and professional services
- Proof of ownership for the street address of the application OR, if you are a tenant, written authorization from the owner authorizing the project (template proposal - in French) and a copy of the lease
- Photos of the spaces concerned by the request (PNG or JPEG format, maximum 10 photos)
- Board resolution authorizing the submission of the application and appointing a representative (template proposal - in French)
- If applicable: For a major project, an eligible cost of $625,000 or more, a favourable opinion on the financial feasibility of the financial arrangement, issued by a specialized consulting firm, a chartered professional accountant or an authorized body
- Declaration - Charter of the French Language (see point 1 above)
3. To make this easier, we recommend looking at the form overview (in French) before you start. Please note that the actual application form below cannot be saved until it is fully completed.
4. Complete the application form and file the required documents using the filing links provided for this purpose.
Important note: Subsidies will not be granted for projects undertaken before obtaining a written notice of eligibility from the Service du développement économique.
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