Investments in Forest Industry Transformation Program (Voted)
Name of transfer payment program | Contributions in support of Investments in Forest Industry Transformation Program (Voted) |
---|---|
Start date | June 17, 2010 |
End date | March 31, 2022 |
Type of transfer payment | Contribution |
Type of appropriation | Estimates |
Fiscal year for terms and conditions | 2017-18 |
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. |
Results achieved |
Over the past year, five projects were completed at facilities in Canada that represent first-in-kind innovations in advanced building products, new bio-chemicals, and renewable energy. These include:
The Program also launched its fourth call for proposals, which attracted close to 60 proposals and more than $350 million in requests for funding. The Program is now working with a new cohort of potential applicants to help bring new innovations to the forest products sector. |
Comments on variances | N/A |
Audits completed or planned | An audit of the IFIT Program was not completed in 2017-2018 or planned in the coming year. An Audit of the IFIT Program was conducted in 2012-2013 (part of the 2011-2014 Risk-Based Audit Plan). The program conducted third-party financial audit of 3 IFIT recipients in 2017-2018. |
Evaluations completed or planned |
Completed: 2013-14 (as part of sub-program 1.2.2 – Forest Sector Innovation) Planned: 2017-18 (The program is currently being evaluated with a report on results expected by winter 2019). |
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 (NRCan.ifit-ifit.RNCan@canada.ca). 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. |
Type of transfer payment | 2015‑16 Actual spending | 2016‑17 Actual spending | 2017‑18 Planned spending | 2017‑18 Total authorities available for use | 2017‑18 Actual spending (authorities used) | Variance (2017‑18 actual minus 2017‑18 planned) |
---|---|---|---|---|---|---|
Total grants | 0 | 0 | 0 | 0 | 0 | 0 |
Total contributions | 20,950,000 | 26,640,000 | 35,020,728 | 35,121,457 | 35,120,891 | 100,163 |
Total other types of transfer payments | 0 | 0 | 0 | 0 | 0 | 0 |
Total program | 20,950,000 | 26,640,000 | 35,020,728 | 35,121,457 | 35,120,891 | 100,163 |
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