Highlights of Federal Budget 2016 (PDAD&C #46)
|From:||Meric Gertler, President|
|Date:||March 24, 2016|
|Re:||Highlights of Federal Budget 2016 (PDAD&C #46)|
Tuesday’s federal budget brought some very welcome news to the postsecondary sector. Aligning closely with priorities advanced by U of T, this budget provides funding for new discovery research and infrastructure for universities and colleges. It also offers important enhancements to student aid, as well as new money for innovation networks and clusters, clean technology development, and experiential learning opportunities for our students.
For a research-intensive institution such as ours, this budget comes as particularly good news. It signals the government’s recognition that investment in students, research, and innovation is key to Canada’s wellbeing and prosperity. Following years of concerted advocacy by the University of Toronto, together with our colleagues from the U15 and Universities Canada, the results this week are indeed gratifying.
Moreover, the early signs suggest that we can look forward to further promising developments in the coming year, in at least three important areas. First, this year’s commitment of new resources to fundamental research has been described by many as a ‘down payment’ towards the government’s research and innovation agenda. Second, in his budget speech, Finance Minister Bill Morneau vowed to “put forward a new Innovation agenda which will outline a new vision for Canada’s economy as a center of global innovation, renowned for its science, technology, resourceful citizens, and globally competitive companies.” Third, Minister of Science Kirsty Duncan will undertake a comprehensive review of all elements of federal support for fundamental science over the coming year. The review will assess opportunities to increase the impact of federal support on Canada’s research excellence; examine the rationale for current targeting of granting councils’ funding; assess support for promising emerging research leaders; and ensure there is sufficient flexibility to respond to emerging research opportunities for Canada, including big science projects and other international collaborations.
These initiatives present our community with an unparalleled opportunity to shape the future direction of the federal government’s approach to research, innovation, and higher education.
The list below presents highlights of programs and funding commitments announced by the government in this week’s budget. For more information, consult the Summary of Key Measures from Budget 2016. We will share further details on these programs as they become available.
Research & Innovation
Granting Councils & Research Support Fund
Specific research program funding
Post-Secondary Institutions Strategic Investment Fund
Student Assistance and