Investments in Forest Industry Transformation Program (Voted)
General information
| Name of transfer payment program | Investments in Forest Industry Transformation Program (Voted) |
|---|---|
| Start date | June 17, 2010 |
| End date | March 31, 2018 |
| Type of transfer payment | Contribution |
| Type of appropriation | Estimates |
| Fiscal year for terms and conditions | 2014-15 |
| Strategic Outcome | 1 – Canada’s Natural Resource Sectors are Globally Competitive |
| Link to department's Program Alignment Architecture | 1.2 – Innovation for New Products and Processes > 1.2.2 – Forest Sector Innovation |
| Description | The objective of the Investments in Forest Industry Transformation (IFIT) program is to support transformations that will make the forest industry more economically viable and environmentally sustainable. The objective will be achieved by investing in innovative technologies that lead to a more diverse, higher-value product mix including bioenergy and renewable power, as well as biomaterials, biochemical and next generation building products. The Program will fund innovative projects that are using transformative technologies at the pilot and commercial scales that direct wood fibre and by-products from wood processing into higher value usages which 1) increase the total revenues available from a log, 2) diversify product lines for the forest industry, stabilizing economic performance, and 3) produce renewable energy and other products that are beneficial to the environment. By providing funding to Canadian forest firms for capital investments in bioenergy and bioproduct industrial processes to advance these technologies towards full, commercial-scale implementation, this Program will broaden and build upon previous investments in forest sector transformation. This transfer payment program does not have any repayable contributions. |
| Results achieved | In 2016-17, five new funding agreements were signed under the IFIT program. These projects are first-in-kind near-commercial or commercial applications in the forest sector. As a result of these projects, 5 new product offerings are being produced at commercial scale and new applications are being developed:
|
| Comments on variances | N/A |
| Audits completed or planned | No internal audits were completed in 2016-17 and none are planned for the coming year. |
| Evaluations completed or planned | No Evaluations were completed in 2016-17 and none are planned for the coming year. An evaluation of Forest Sector Innovation is planned to commence in 2017-18. |
| Engagement of applicants and recipients | Program applicants are supported through the establishment of a dedicated program website, which includes access to program guides, eligibility requirements, and project announcements, as well as program administration contact details .Calls for proposals were widely advertised through public press releases, e-mail distribution lists, and liaisons with a wide range of associations, government departments, and other stakeholders. Selected program recipients are further engaged through regular communication with program administrators to monitor progress on the achievement of program objectives. Targeted recipient groups include companies that produce forest products that have existing forest product manufacturing facilities (e.g., pulp, paper or panel mills) located in Canada. |
Performance Information (dollars)
| Type of transfer payment | 2014-15 Actual spending | 2015–16 Actual spending | 2016–17 Planned spending | 2016–17 Total authorities available for use |
2016–17 Actual spending (authorities used) |
Variance (2016–17 actual minus 2016–17 planned) |
|---|---|---|---|---|---|---|
| Total grants | 0 | 0 | 0 | 0 | ||
| Total contributions | 6,000,000 | 20,950,000 | 34,800,000 | 40,640,000 | 26,640,000 | (8,160,000) |
| Total other types of transfer payments | 0 | 0 | 0 | 0 | 0 | 0 |
| Total program | 6,000,000 | 20,950,000 | 34,800,000 | 40,640,000 | 26,640,000 | (8,160,000) |
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