What is the purpose of Investments in Forest Industry Transformation (IFIT)?
The purpose of the IFIT program is to support Canada’s forest sector in becoming more economically competitive and environmentally sustainable. By “de-risking” new technologies and encouraging broader adoption of these technologies across the industry, IFIT supports forest industry transformation through a more diversified portfolio of products and markets.
What is the duration of the program?
The program was created in 2010 for four years. In Budget 2014, it was renewed for an additional four years until March 31, 2018.
What is a Call for proposals? Are applications currently being accepted?
The Call for proposals (CFP) process is a fair, open, transparent and widely accepted business process whereby interested parties develop project proposals and apply for funding. IFIT’s latest CFP, CFP #3, closed on October 30, 2014. There is currently no scheduled call for proposals and therefore no new applications are being accepted at this time.
Is there a maximum or minimum IFIT contribution for projects?
The maximum amount that can be paid to any one recipient is set at $20M. There is no minimum value for project proposals.
Are the funds in the form of grants or loans?
IFIT provides non-repayable contributions to projects that are selected for funding by the program.
What type of costs are eligible for a project?
Eligible costs under IFIT are directly related to program objectives and include capital expenses, material and supplies, salaries and benefits, overhead expenses (maximum of 1.5% of project costs), sub-contractors and consultants (professional, scientific, technical and management services), travel (including meals and accommodation), training costs directly associated with the project implementation, printing services, and licence fees and permits.
How were projects selected?
Successful projects were identified through a competitive process that assessed the technical and business viability of the proposed project against mandatory and evaluation criteria.
Will the projects that were selected be publicly announced?
Yes. The projects selected for funding are publicly announced after the signing of contribution agreements.
What are the restrictions associated with the production of softwood lumber?
Costs associated with the production or export of softwood lumber are not eligible under IFIT. As part of its evaluation process, with the assistance of the Department of Foreign Affairs, Trade and Development Canada, IFIT conducts trade reviews to ensure compliance with all trade obligations, including the Softwood Lumber Agreement.
How can I find out more about the results of IFIT?
Who do I contact for more information?
Please contact the IFIT team for more information.
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