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Government Funds Forestry Industry Transformation Program

August 03, 2010

The Government of Canada has launched a $100 million program to help redevelop the Canadian forestry sector through what it calls "innovative projects and technologies."

"This Government continues to invest in the transformation of Canada's forest industry," said Minister Stockwell Day, speaking on behalf of Natural Resources Minister Christian Paradis. "This program will encourage and support the next generation of forest products, and I am confident that this will have a very positive impact in communities across Canada, including here in British Columbia."

The Investments in Forest Industry Transformation (IFIT) program will provide funding to those who submit proposals involving innovative forestry technologies and processes. The new IFIT program will run alongside existing programs such as Sustainable Development Technology Canada's Clean Technology Fund as well as the $1 billion Pulp and Paper Green Transformation Program.

According to the government, the IFIT program will abide by international trade obligations, for softwood products destined for export will not be eligible for funding.

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