If your collective enterprise needs a building to grow, the PIEC Program in Quebec provides support for major real estate projects for social economy organizations. It covers buying, building, or renovating facilities used for economic activity. Investissement Québec delivers the program. It is currently open to eligible applicants across the province.
The PIEC: Programme d’immobilisation en entrepreneuriat collectif is designed to strengthen Quebec’s social economy. It supports capital projects focused on long-term assets, not daily operations.
PIEC is intended for:
PIEC does not target private for-profit corporations or short-term rental projects. Your organization must have a clear collective mission and show economic impact.
PIEC funding is strictly for immobilisation. This means physical assets tied to a building. Eligible project types include:
Typical eligible expenses are:
PIEC does not cover operating costs, working capital, or movable equipment.
For more information, see:
What expenses are eligible under regional economic development grants?
PIEC does not set a single grant amount. The funding depends on your project size, financial structure, and regional impact. Funding is assessed case by case. Support may be repayable or non-repayable, depending on the project and risk profile.
Investissement Québec checks if the project is financially viable. They also look at whether your organization can sustain ownership of the asset long term.
Because funding structures vary, you can use GrantHub’s eligibility matcher to filter programs by province and organization type.
Follow these steps to apply:
Prepare your project plan
Gather organizational documents
Contact Investissement Québec
Submit a full application
Evaluation and decision
Applying too early with incomplete plans
PIEC is for well-defined capital projects. Rough estimates often lead to delays or rejection.
Including ineligible expenses
Operating costs and working capital weaken your application.
Underestimating total project costs
Inaccurate budgets raise concerns about long-term sustainability.
Ignoring funding stacking rules
Some projects can combine PIEC with other programs, but rules apply.
For more, see:
How to stack grants and loans without violating funding rules
Q: Is the PIEC Program a grant or a loan?
PIEC support can be repayable or non-repayable. Investissement Québec decides the structure during evaluation.
Q: How long does the PIEC application process take?
Timelines vary based on project size and readiness. Larger construction projects usually take longer to assess.
Q: Can PIEC be combined with other Quebec funding programs?
Yes, in many cases. Stacking with municipal, provincial, or federal programs is possible, subject to limits.
Q: Are cooperatives automatically eligible?
Cooperatives are a primary target, but eligibility depends on the project’s economic purpose and financial viability.
Q: Does the building need to be owned by the organization?
Ownership or a clear long-term control structure is usually required, especially for acquisition and construction projects.
GrantHub tracks active grant programs across Canada. Check which ones match your business profile.
If your organization is planning a building project, the PIEC Program in Quebec provides support for collective enterprises with a clear economic mission and solid financial planning. You can use GrantHub to find complementary Quebec and federal programs, which may help you build a complete funding plan with confidence.
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