The B.C. government has announced that the province will be investing an additional $2 million (CAD) to open a second intake for the Mass Timber Demonstration Program. According to the press release, the funding will be used to further advance mass timber projects in the province. It will support eligible applicants with incremental or one-time costs — up to $500,000 for individual projects — related to design development, permitting, and construction activities in mass timber building. This second intake follows the success of the first intake which saw $4.2 million invested in eight mass timber demonstration projects and four research projects in the province.
In a statement prepared to accompany the government’s announcement, B.C. Minister of Jobs, Economic Recovery and Innovation Ravi Kahlon said, “Innovation is key to helping the province move forward with a strong economic recovery that will benefit people, communities, and businesses throughout B.C. Mass timber is our triple-word score. By investing in mass timber through the demonstration program, we are advancing the construction of climate-smart buildings that are built with a renewable and sustainable product. This work gets us one step closer to building a more inclusive, resilient and innovative B.C. economy that works for everyone.”
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BC investing $2M to open second intake for the Mass Timber Demonstration Program