Canada Announces Support for British Columbia’s Forest Sector

On Wednesday, Canada announced a total investment of over CA$20 million for 67 projects that will help to boost the competitiveness and resiliency of British Columbia’s forest sector while growing wood product exports.

The investments include the following:

• Over $11.3 million in funding through the Investments in Forest Industry Transformation (IFIT) program for six projects that will facilitate the adoption and commercialization of new technologies, focusing on the production of innovative, low-carbon products that result in new or diversified revenue streams
• Over $7 million in funding through the Indigenous Forestry Initiative (IFI) program for 50 projects that will advance economic development opportunities in the forest sector for Indigenous communities while strengthening Indigenous leadership and participation in forest stewardship
• Over $1.6 million in funding under the Green Construction through Wood (GCWood) program for nine projects that will promote the adoption and commercialization of wood-based products in the construction sector
• Over $600,000 in Global Forest Leadership program funding for two projects that will strengthen international partnerships with like-minded organizations by sharing Canadian expertise and decreasing market barriers for sustainable forest products.