Renewed Investments in Forestry Industry
September 14, 2017
OTTAWA: MP Eglinski is pleased to advise constituents of a call for proposals to the Investments in Forest Industry Transformation (IFIT) program. Established in 2010 by the former Conservative Government, the IFIT program was renewed in June 2017.
“I am pleased to see this Government continuing the investments made by our party into the forest sector,” stated MP Eglinski. “While this is good news for Yellowhead, we need to also continue to urge the Liberals to resolve the softwood lumber dispute.”
The purpose of the IFIT program, delivered through Natural Resources Canada, is to support Canada’s forest sector in becoming more economically competitive and environmentally sustainable through:
- new or increased production of bioenergy, biomaterials, biochemicals and next-generation building products by the forest sector;
- increased deployment and encouraging broader adoption of first-in-kind innovative technologies, particularly Canadian, across the industry; and
- the creation of innovative partnerships with non-traditional forest sector partners as a way to develop new business models for the sector.
IFIT provides non-repayable contributions of up to 50% of a project’s costs. Applicants are required to submit an expression of interest by October 12, 2017, followed by a full proposal by November 28, 2017.
“Our forest sector is a major economic driver and employer in our riding of Yellowhead. I encourage all those who are eligible for funding to apply to the IFIT program to help ensure they stay competitive in today’s markets,” concluded MP Eglinski.
For more information on the program and how to apply, visit: www.nrcan.gc.ca/forests/federal-programs/13139.