This program is designed specifically for businesses like yours in the aerospace industry. It offers a unique opportunity to enhance your operations and position your company for global competitiveness. By participating, you can access funding to green your operations, boost productivity, and strengthen your market presence.

Key Benefits:

• Financial Support: Up to $250 million available over three years.
• Sustainability: Funds to adopt environmentally sustainable practices and clean technologies.
• Productivity: Support for advanced manufacturing, AI, and workforce development.
• Commercialization: Aid in integrating new technologies and start-ups into your supply chain.

Why Apply?

• Flexible Financing: Contributions are generally repayable or conditionally repayable, offering more flexibility than traditional loans.
• Comprehensive Support: Eligible costs may be covered retroactively for up to 12 months before application.
• Ease of Qualification: The program is tailored for SMEs in the aerospace sector, ensuring that your business is well-positioned to benefit.

Participating in this program will help your business emerge stronger from the pandemic, making it more resilient and competitive on the global stage.

Type of Financing:

• Repayable Contribution: The financial support provided through this program is generally repayable or conditionally repayable for contributions to small and medium-sized enterprises (SMEs).

Repayment Terms and Interest Rates:

• Repayment Period: The repayment term allows for up to 15 years to pay off the contribution.
• Interest Rates: The interest rates can vary based on the repayment option chosen, including floating rate with principal plus interest payments, floating rate with blended payments, and fixed rate with principal plus interest payments.

Eligible Expenses:

• Cost Coverage: Eligible expenses may include costs incurred up to 12 months before the project application date, starting from April 19, 2021.
• Eligible Activities: The contribution can cover expenses related to transitioning to greener practices, enhancing productivity, and integrating into supply chains.

Exclusions and Fees:

• Ineligible Expenses: The funds cannot be used for certain costs not aligned with the program's objectives.
• Fees: There may be associated fees such as document preparation fees, application fees, and a one-time Federal Government registration fee of 2% of the contribution amount.

This program offers your business a chance to receive financial support to help you recover and grow in the aerospace sector. You can get funding to green your operations, boost productivity, and strengthen your market presence. This means you can adopt environmentally sustainable practices, improve your manufacturing processes, and better integrate into regional and global supply chains.

The initiative has a total budget of $250 million over three years, ending on March 31, 2024. For small and medium-sized enterprises (SMEs), the contributions are generally repayable or conditionally repayable. For non-profit organizations, the contributions are typically non-repayable. This financial support can cover costs retroactively up to 12 months before your application, but no earlier than April 19, 2021.

By participating, your business can transition to greener products, enhance productivity through advanced technologies, and commercialize new innovations. This program is a great opportunity to improve your business's resilience and competitiveness in the aerospace industry.

1. Gather Necessary Documentation: Prepare the following documents to support your application:

• Business plan
• Financial statements (last two years)
• Project proposal detailing how the funds will be used
• Proof of business registration
• Environmental impact assessment (if applicable)

2. Develop a Project Proposal: Clearly outline your project objectives, including how it will:

• Green your operations
• Improve productivity
• Strengthen commercialization and integration into supply chains

3. Complete the Application Form: Access the application form through the Canada Economic Development for Quebec Regions website. Fill out all required fields accurately.

4. Submit the Application: Submit your completed application form along with all required documentation through the designated portal on the CED website.

5. Await Review and Feedback: After submission, the application will be reviewed. Be prepared to provide additional information or clarification if requested.

6. Finalize Agreement: If your application is approved, review the terms and conditions of the funding agreement. Sign and return the agreement to finalize the funding process.

7. Implement the Project: Once the agreement is finalized, begin implementing your project as outlined in your proposal. Ensure compliance with all reporting and monitoring requirements specified in the funding agreement.