MEL COFI aid: consolidating a business in difficulty
MEL COFI: a loan for a business turnaround, for businesses with more than 25 employees, at least three financial years and bank or shareholder co-financing.
The Métropole Européenne de Lille presents COFI aid for businesses that need to reorganise their activity, win back markets and secure jobs. It targets businesses with more than 25 employees, at least three financial years and co-financing from the bank pool, shareholders or investors. The MEL must confirm the set-up and the applicable scale.
Funded by Métropole Européenne de Lille - MEL
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Who can apply
Industrial SMEs with more than 25 employees; businesses that are structuring for their sector.
Eligibility conditions
According to the official MEL page consulted: a business with more than 25 employees and at least three financial years, facing cyclical or structural difficulties with sound fundamentals or a coherent business model, up to date with its social security and tax obligations (or with a moratorium) and with positive equity. The project must preserve jobs and be co-financed by banks, shareholders or investors. Confirm the rules and the funder’s agreement.
What the scheme covers
Working capital requirement expenditure; tangible and intangible investment linked to the redeployment plan.
Amount and funding terms
A repayable advance whose amount will depend on the project. The amounts and financial conditions should be confirmed in the rules in force.
How to apply
1. Contact the MEL business department (serveco@lillemetropole.fr). 2. Present the turnaround plan, the financial situation and the jobs concerned. 3. Attach the accounts for the available financial years, a cash-flow plan and proof of co-financing. 4. Confirm the scale, timetable and eligible expenditure before any commitment.
Timeline
No usable, current end date is confirmed in the information available. Check with the funder whether the scheme is open, whether funds remain available and whether the application must be submitted before any quote, order, recruitment or start.
Key facts
- Funder
- Métropole Européenne de Lille - MEL
- Type of funding
- Repayable advance
- Status
- Ongoing
- Geographic scope
- Not specified
Frequently asked questions
Who can apply for this aid?
The profile indicated in the catalogue is: industrial SMEs with more than 25 employees; businesses that are structuring for their sector. Confirm the criteria, territory and exclusions with the funder before concluding that you are eligible.
Which projects or expenditure can be funded?
Working capital requirement expenditure; tangible and intangible investment linked to the redeployment plan. The official list of accepted costs and exclusions should be confirmed before committing.
What is the amount of the aid?
A repayable advance whose amount will depend on the project. The amounts and financial conditions should be confirmed in the rules in force.
When should the application be submitted?
No usable, current end date is confirmed in the information available. Check with the funder whether the scheme is open, whether funds remain available and whether the application must be submitted before any quote, order, recruitment or start. To avoid becoming ineligible, ask for written confirmation of the deadlines and procedure before starting.
Official source
No official URL is available in our data for this grant.
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