Investissement Québec: positive results for its 2021-2022 fiscal year

Investissement Québec on Thursday took stock of its 2021-2022 fiscal year, which was quite positive in terms of its impact on the growth of supported businesses.

Investissement Québec: positive results for its 2021-2022 fiscal year

Investissement Québec on Thursday took stock of its 2021-2022 fiscal year, which was quite positive in terms of its impact on the growth of supported businesses.

• Read also: Investissement Québec posts a return of 7.5%

The total portfolio of the public corporation thus reached nearly $15 billion, divided between $6.8 billion for Own Funds and $7.8 billion for Agent Funds.

Earnings were $349 million for that period, a return of 7.6% for the year and 9.3% over the past three years.

“Since our IQ reform, the results have been there year after year,” said Pierre Fitzgibbon, Minister of Economy and Innovation and Minister responsible for Regional Economic Development, in a press release.

Investissement Québec carried out more than 9,500 support and financial interventions and made financial commitments of $4.9 billion to support various projects.

“Quebec businesses have bravely and boldly faced the unpredictable economic context, marked by disruptions in supply chains, high inflation, geopolitical tensions and the challenge of labor shortages. In this context, thanks to the combination of our support and financing services, we have demonstrated agility and creativity to support a growing number of businesses from all regions of Quebec, so that they are more innovative. , productive, competitive and sustainable," said Guy LeBlanc, President and CEO of Investissement Québec.

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