Government of Canada announces over US$4.9 million fund towards British Columbia's steel and aluminium sector

Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister in charge of Western Economic Diversification Canada, announced over US$4.9 million for 10 steel and aluminium companies across British Columbia, which are creating jobs and contributing to Canada’s economy.

This funding is also provided under Regional Economic Growth through Innovation (REGI) Steel and Aluminum Initiative, announced in March 2019, which was designed to provide support to small and medium-sized businesses in the steel, aluminium, and manufacturing sectors in Canada.  The non-repayable contributions can be used for enhancing productivity, adopting new innovative technologies in order to enhance productivity and create more skilled jobs.

"Our government is supporting Canada's hard-working steel and aluminium workers and companies from coast to coast to coast. Our investments in support of small- and medium-sized producers and users of steel and aluminium will help these businesses innovate to drive productivity, scale up, and expand into new markets, which will help create good, middle-class jobs," said Minister Navdeep Bains.

This funding has been providing SME sector businesses with consistent support across all regions of Canada, while helping them cater to regional needs.

"The small and medium-sized businesses in our steel and aluminium industries are important contributors to the economic vitality of communities across the country. By investing in their success, we are investing in the success of all Canadians," said Mary Ng, Minister of Small Business and Export Promotion.

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