The federal government says investments under the budget are helping to build a strong, innovative and prosperous Canadian economy through excellence in science, technology and research.
“Investing in science and technology is crucial to developing highly skilled workers and researchers and improving the long-term competitiveness of Canadian firms,” said Gary Goodyear, Minister of State (Science and Technology). “Through our Economic Action Plan, we are investing about $5 billion in science and technology initiatives – one of the largest ever single investments in science and technology in Canada. This funding is creating jobs for today, and creating opportunities for the future.”
Science and technology funding under the budget includes investments in two key areas: post-secondary education and research, including the $2-billion Knowledge Infrastructure Program, which supports deferred maintenance, repairs and construction at Canadian post-secondary institutions; and direct support for science and technology, including approximately $3 billion for measures to modernize federal laboratories and foster research in clean energy and space technology, among others.
The government claims the Knowledge Infrastructure Program has already seen success in communities across Canada. The program’s full $2 billion in federal funding has been committed, and this funding has leveraged additional funding from the provinces, territories and other sources such as the institutions themselves, resulting in a total investment of $5 billion.
The government is also supporting innovation at small and medium-sized enterprises across the country, by providing $200 million over two years to the National Research Council Canada’s Industrial Research Assistance Program. This funding is doubling the program’s contributions budget and will allow companies to hire more than 1000 new post-secondary graduates in business and science.
In addition, up to $85 million is being provided over two years to maintain or upgrade key existing Arctic research facilities, and $2 million over two years is being provided for a feasibility study for a world-class Arctic research station.
