2023-24 Details on transfer payment programs
Promoting Regional Development in Canada's Three Territories (Voted)
Start date | April 1, 2009 |
---|---|
End date | Ongoing |
Type of transfer payment | Grants and Contributions |
Type of appropriation | Annually through Estimates |
Fiscal year for terms and conditions | 2014-15, updated 2018-19 |
Link to departmental result(s) | Businesses are developing in the Territories People and Communities participate in the economy in the Territories |
Link to the department's Program Inventory | Business Development Community Development |
Purpose and objectives of transfer payment program | Through this umbrella transfer payment authority, CanNor delivers a range of northern economic development contribution programs / funding initiatives to promote the economic development of the North, in order to strengthen territorial economies and increase participation by Northerners. For 2023-2024, these programs / funding initiatives include: Inclusive Diversification and Economic Advancement in the North (IDEANorth), the Northern Isolated Communities Initiative Fund (NICI), and the Jobs and Growth Fund (JGF). |
Expected results | Expected Results (IDEANorth) Immediate Outcomes
Immediate Outcomes
Immediate Outcomes
|
Fiscal year of last completed evaluation | SINED (IDEANorth): 2017-18 NICI: N/A JGF: N/A |
Decision following the results of last evaluation | Continuation |
Fiscal year of next planned evaluation | IDEANorth: 2023-24 NICI: Not Planned JGF: Not planned |
General targeted recipient groups | Eligible recipients include social enterprises, individuals, businesses, other levels of government and other non-federal entities, public or private, that have an interest in economic development in the North. |
Initiatives to engage applicants and recipients | CanNor's economic development officers regularly engage with applicants and funding recipients throughout the project development cycle. |
Financial Information
Type of transfer payment | 2022-23 forecast spending |
2023-24 planned spending |
2024-25 planned spending |
2025-26 planned spending |
---|---|---|---|---|
Total grants | 1,500,000 | 2,500,000 | 2,500,000 | 2,500,000 |
Total contributions | 74,942,344 | 55,560,500 | 28,937,000 | 28,937,000 |
Total other types of transfer payments | 0 | 0 | 0 | 0 |
Total program | 76,442,344 | 58,060,500 | 31,437,000 | 31,437,000 |
Note: The decrease in the 2022-23 and 2023-24 forecast and planned spending is mainly due to expiration of budgetary authorities in 2023-24 for Budget 2021 programs, such as the Tourism Relief Fund, Jobs and Growth Fund and Canada Community Revitalization Fund, meant to support economies in rebounding from the impacts of the pandemic. In addition, two more initiatives concluded in 2022-23: the Northern Adult Basic Education Program and the Inuit Impact Benefit Agreement with the Qikiqtani Inuit Association. |
Northern Indigenous Economic Opportunities Programs (Formerly Contributions to Support Aboriginal Participation in the Northern Economy) (Voted)
Start date | April 1, 2014 |
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End date | Ongoing |
Type of transfer payment | Contribution |
Type of appropriation | Annually through Estimates |
Fiscal year for terms and conditions | 2013-14, revised 2017 |
Link to departmental result(s) | People and Communities participate in the economy in the Territories Businesses are developing in the Territories |
Link to the department's Program Inventory | Business Development Community Development |
Purpose and objectives of transfer payment program | Through this transfer payment authority, including through additional funding received through Budget 2022, CanNor delivers the Northern Indigenous Economic Opportunities Program (NIEOP), to create Indigenous employment, support Indigenous entrepreneurship, and help build resilience in Indigenous communities through economic development, leading to territorial economic growth. The enhanced Program comprises three streams:
|
Expected results | Immediate Outcomes
|
Fiscal year of last completed evaluation | 2018-2019 |
Decision following the results of last evaluation | Continuation |
Fiscal year of next planned evaluation | 2023-24 |
General targeted recipient groups | Indigenous governments, communities, organizations, and businesses in the territories. |
Initiatives to engage applicants and recipients | CanNor will continue to engage program recipients and stakeholders regarding the inclusion of capacity-related funding. In addition, CanNor's economic development officers regularly engage with applicants and funding recipients throughout the project development cycle. As part of initiatives under the Northern Indigenous Economic Research Stream, CanNor will also identify research priorities through engagement with Indigenous communities and educational institutions. It is expected that the first signed contribution agreements will start in 2024-25. |
Financial Information
Type of transfer payment | 2022-23 forecast spending |
2023-24 planned spending |
2024-25 planned spending |
2025-26 planned spending |
---|---|---|---|---|
Total grants | 0 | 0 | 0 | 0 |
Total contributions | 13,200,000 | 13,200,000 | 13,200,000 | 13,200,000 |
Total other types of transfer payments | 0 | 0 | 0 | 0 |
Total program | 13,200,000 | 13,200,000 | 13,200,000 | 13,200,000 |
Regional Economic Growth Through Innovation
Start date | October 18, 2018 |
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End date | REGI – CanNor specific funding until March 31, 2023 |
Type of transfer payment | Grants and Contribution |
Type of appropriation | Annually through Estimates |
Fiscal year for terms and conditions | 2019-20 |
Link to departmental result(s) | Businesses are developing in the Territories |
Link to the department's Program Inventory | Business Development |
Purpose and objectives of transfer payment program | The Regional Economic Growth Through Innovation (REGI) initiative builds on the objectives of the Innovation and Skills Plan. The goal of REGI is to provide streamlined, nationally consistent and yet regionally tailored support for business productivity and scale-up, particularly for SMEs and women entrepreneurs and other underrepresented groups, and assist the enhancement of regional industrial and technology clusters and regional innovation ecosystems. Contributions issued under REGI may be unconditionally or conditionally repayable, or non-repayable. |
Expected results |
|
Fiscal year of last completed evaluation | N/A |
Decision following the results of last evaluation | N/A |
Fiscal year of next planned evaluation | 2023-24 |
General targeted recipient groups | Incorporated for-profit companies, not-for-profit organizations, industry associations, post-secondary institutions, Indigenous organizations, business accelerators, incubators, women-led businesses, angel networks; social enterprises; a group of eligible recipients such as an industry association or consortium; a municipality and all other municipal-type organizations; and a federal or provincial crown corporation/ organization or any other entity created by the provincial government or a provincial department. |
Initiatives to engage applicants and recipients | CanNor's economic development officers regularly engage with applicants and funding recipients throughout the project development cycle. |
Financial Information
Type of transfer payment | 2022-23 forecast spending |
2023-24 planned spending |
2024-25 planned spending |
2025-26 planned spending |
---|---|---|---|---|
Total grants | 168,168 | 0 | 0 | 0 |
Total contributions | 252,252 | 0 | 0 | 0 |
Total other types of transfer payments | 0 | 0 | 0 | 0 |
Total program | 420,420 | 0 | 0 | 0 |
The numbers provided in this table are based on funding profile. CanNor will continue to deliver REGI alongside the other Regional Development Agencies. Outcomes of decisions going forward for CanNor would be reflected in the Agency's future budget exercises and Estimates documents. A portion of CanNor's IDEANorth funding, up to $5 million, may be transferred to support the ongoing delivery of REGI. |