Support to the Steel and Aluminum Sector
The initial priority period for applications to the Steel and Aluminum Initiative ended April 8, 2019, with the total value of the applications received exceeding investments available under this fund. Applications received by April 8 are now being assessed on a priority basis, as announced at the launch of the fund. Applications may still be submitted for the fund, but those received before April 9 will be given priority.
Canadian SMEs that use steel and aluminum face challenges in making investments to strengthen their productivity and competitiveness. The Regional Economic Growth through Innovation Steel and Aluminum Initiative, launched on March 11, 2019, aims to support the innovative projects of SMEs operating within the Canadian steel and aluminum supply chain. These investments are expected to maintain and create jobs as well as promote economic growth through adoption of innovative technologies and processes.
More specifically, the Initiative will:
- Assist firms with high growth potential to scale up and expand;
- Support technology demonstration and the commercialization of new technologies;
- Encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity;
- Increase businesses’ capacity to grow.
Read the Application guide: Support to the Steel and Aluminum Sector to find out how to submit a project for this initiative.
Don't forget to consult other CED programs and initiatives as well, as they could also provide support to your project.
To apply, contact an advisor from the business office in your area.
- Date modified: