Investments in Forest Industry Transformation Program (voted)
|Name of transfer payment program||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|
|Link to department’s Program Inventory||Forest Sector Competitiveness|
|Description||The objective of the 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 bio-product 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.
|Expected results||Expected outcomes of the program include the following:
|Fiscal year of last completed evaluation||Evaluation of IFIT was completed as part of Forest Sector Innovation sub-program in 2013-14.|
|Decision following the results of last evaluation||Continuation|
|Fiscal year of planned completion of next evaluation||2018-19|
|General targeted recipient groups||Industry related: Companies that produce forest products that have existing forest product manufacturing facilities (for example, pulp, paper or panel mills) located in Canada.|
|Initiatives to engage 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.|
*This date relates to the expiry date of the program policy authority which may be different from the actual funding end date.
|Type of transfer payment||2017-18 Forecast spending||2018-2019 Planned spending||2019-20 Planned spending||2020-21 Planned
|Total other types of transfer payments||0||0||0||0|
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