Budget 2017: Supporting the Agri-Food Sector in Manitoba
May 24, 2017 – Winnipeg, Manitoba – Department of Finance Canada
The innovative spirit of Canadians has fostered the ideas, inventions and industries that created our middle class, providing the good, well-paying jobs they need to succeed. Budget 2017 takes the next steps in the Government's plan to create good middle class jobs today, while preparing Canadians for the jobs of tomorrow.
Finance Minister Bill Morneau was in Winnipeg today to highlight how Budget 2017, Building a Strong Middle Class, positions Canada at the leading edge of the economy of tomorrow through strategic investments in innovation, and how our agriculture and agri-food sector can help grow and strengthen the economy as a whole.
During a visit to the Richardson Centre for Functional Foods and Nutraceuticals at the University of Manitoba, Minister Morneau discussed how Budget 2017 will help make Canada a world-leading centre for innovation in the agri-food sector.
Minister Morneau also highlighted measures that will support the agri-food sector in Manitoba, such as: a new national $1.26 billion five-year Strategic Innovation Fund, which will attract and support high-quality business investments in dynamic sectors like agri-food; further support for agricultural discovery science and innovation on emerging priorities, such as soil and water conservation; and support for superclusters in highly innovative sectors like agri-food, to be provided on a competitive basis.
The Minister's visit follows today's official launch of the new federal superclusters initiative by the Minister of Innovation, Science and Economic Development Navdeep Bains in Ottawa.
"Through strategic investments in innovation, including in sectors like agri-food, the Government will make it easier for innovators and potential customers to work closely together on research, development and demonstration activities that pursue major commercial opportunities, to boost productivity, and create jobs and drive economic growth."
- Bill Morneau, Minister of Finance
Budget 2017 supports Manitoba by:
- Building better communities through investments in world-class infrastructure that will improve public transit and provide Canadians with cleaner water to drink and cleaner air to breathe.
- Providing $200 million over four years to support clean technology research, and the development, demonstration and adoption of clean technology in Canada's natural resources sectors. Agri-food businesses will be eligible to access funding from the new national $1.26 billion five-year Strategic Innovation Fund.
- Providing $43.8 million over five years, starting in 2017–18, to Fisheries and Oceans Canada to continue and expand aquatic invasive species programming. This will better protect our waterways and preserve our fisheries, including in the Lake Winnipeg Basin.
- Providing up to $70.5 million over five years, starting in 2017–18, to Environment and Climate Change Canada to protect Canada's freshwater resources, including in the Lake Winnipeg Basin.
- Advancing work to establish new natural protected areas, including a proposed Manitoba Lowlands National Park.
- Budget Plan
- Budget Speech
- Fact Sheets
- Budget 2017 in 3 Minutes
- Link to ISED announcement on Superclusters
Media may contact:
Office of the Minister of Finance
Department of Finance Canada