Government of Canada Invests $9.4 Million to Drive Innovation and Economic Growth in Surrey
October 25, 2024
Surrey, British Columbia – The Government of Canada is investing $9.4 million in three projects to drive innovation and economic growth in Surrey, British Columbia. The funding was announced today by the Honourable Terry Beech, Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard, on behalf of the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.
The projects will support research and development in key sectors such as clean technology, health care, and advanced manufacturing. They will also help to create new jobs and opportunities for Surrey residents.
“Our government is committed to investing in innovation and economic growth in all regions of Canada,” said Minister Champagne. “These projects will help to create jobs, strengthen the local economy, and make Surrey a hub for innovation.”
The three projects that will receive funding are:
- The University of British Columbia (UBC) will receive $5 million to establish a new clean technology research and development centre. The centre will focus on developing innovative solutions to environmental challenges, such as climate change and air pollution.
- Surrey Memorial Hospital Foundation will receive $2.4 million to support research and development in health care. The funding will be used to establish a new clinical research centre that will focus on developing new treatments and technologies for diseases such as cancer and heart disease.
- Innovate BC will receive $2 million to support advanced manufacturing in Surrey. The funding will be used to establish a new innovation hub that will provide support to businesses in the region that are developing new manufacturing technologies.
“These projects will have a significant impact on Surrey’s economy and our ability to compete in the global marketplace,” said Mayor Doug McCallum. “We are grateful to the Government of Canada for this investment in our city.”
The Government of Canada’s investment in these projects is part of its Innovation and Skills Plan, a multi-year plan to invest in research, skills development, and entrepreneurship. The plan is designed to help Canada become a global leader in innovation and to create jobs and opportunities for all Canadians.
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