Federal budget includes funding for research, internships, training

February 13, 2014

Canada’s 2014 federal budget tabled on Tuesday includes a new Canada First Research Excellence Fund, which will provide $1.5 billion over 10 years for PSE research, starting with $50 million in 2015-16. Universities, colleges and PSE associations from across the country are welcoming the new funding. The budget also pledges an increase of $46 million annually to research granting agencies such as the Natural Sciences and Engineering Research Council, and $40 million to support up to 3,000 full-time internships for PSE graduates in high-demand fields. The Canadian Alliance of Student Associations (CASA) is applauding the budget measure that will see the value of a student-owned vehicle removed from the student loan eligibility consideration, which will add an estimated $8 million in aid for students each year. The budget also includes a Canada Apprentice Loan that provides apprentices registered in Red Seal trades access to over $100 million in interest-free loans each year, and the Flexibility and Innovation in Apprenticeship Technical Training pilot project that will expand the use of innovative approaches for apprenticeship technical training. The government has also pledged $10 million over 2 years for colleges to do social-innovation research with community organizations. Budget | Globe and Mail | ACCC News Release | AUCC News Release | Polytechnics Canada News Release | CASA News Release | Chronicle of Higher Education