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The Quebec Culture Capital Fund was created on November 7, 2011 by the Government of Québec and the Fonds de solidarité FTQ to provide innovative financing to Québec cultural organisations interested in exporting their projects and products.

The Quebec Culture Capital Fund has a $100 million budget to support the marketing and export of major Québec cultural products.

It proposes new and innovative financial instruments in the financing of Québec cultural organisations, which take the form of equity voting shares, preferred shares, and loans.


General principles

The investment policy of the Quebec Culture Capital Fund was created by its funding partners, the Government of Québec and the Fonds de solidarité FTQ, in order to achieve specific financial and socio-economic objectives.

These objectives can be described as follows:

  • Achieve an average return on investment of 15%;
  • Create and maintain jobs in the Québec cultural industries;
  • Develop and maintain employment opportunities for artists and craftspeople in the cultural sector;
  • Provide financial support to major projects intended for export.

More specifically, the objectives of the Quebec Culture Capital Fund are to:

  • Stimulate the growth of companies and the development of products and projects with a high yield potential;
  • Ensure distribution outside of Québec and generate substantial economic benefits for Québec;
  • Support the marketing of a product or a project;
  • Develop new business models;
  • Fuel technological development;
  • Contribute to the prosperity and development of Québec cultural industries.

The Quebec Culture Capital Fund has allocated its resources by sector. The Quebec Culture Capital Fund will not contribute more than 40% of a financing structure, after the deduction of other governmental contributions. The $100 million budget will be distributed as follows amongst the targeted sectors:

  • Live shows: $50 to $60 million;
  • Québec films and foreign films in Québec: $10 to $20 million;*
  • Cross-platform productions and other projects: $10 to $20 million.

*Cannot at any time surpass 20% of the Fonds’ total assets.

The Quebec Culture Capital Fund is not a grant tool. The funds invested in companies will take the form of equity voting shares, preferred shares, or loans. In addition to the monies invested by the Quebec Culture Capital Fund, successful applicants must provide a minimum of 15% of project funding from their own assets.