Supporting Information on the Program Inventory  - PrairiesCan 2022-2023 Departmental Plan

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Supporting information on planned expenditures, human resources, targets, and results related to Prairies Economic Development Canada’s program inventory.

Program 1.1: Innovation

Description

Introducing innovative new products, technologies or improvements to existing processes enhances business growth and competitiveness in the global marketplace. Prairies Economic Development Canada’s Innovation programming makes strategic investments with Prairies businesses, industry organizations and post-secondary institutions to enhance business innovation through research and development, and technology commercialization.

The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.

Planned results
Expected results Performance indicators Target Date to achieve target 2020-21 actual results 2019-20 actual results 2018-19 actual results
Prairie businesses are innovative Business sales growth resulting from commercialization ($) $24.7M March 31, 2023 $366.4.0M $219.4M $232.0M
Prairie businesses are innovative Number of HQP (including STEM) jobs created 1,310 March 31, 2023 3,495 1,693 656

 

Planned budgetary financial resources (dollars)
2022-23 Planned spending 2023-24 Planned spending 2024-25 Planned spending
108,590,334 73,864,097 62,627,370

 

Planned human resources (FTEs)
Planned FTEs 2022-23 Planned FTEs 2023-24 Planned FTEs 2024-25
102 89 84

 

Program 1.2: Business Growth

Description

The Business Growth Program has two domains, which support Prairie businesses, industry and research organizations to enhance their productivity, participation in global markets, and competitiveness. The Trade, Investment and Market Access domain increases the Prairie’s participation in global markets, increasing awareness of the Prairie’s technology capabilities abroad and attracting foreign investment to the region. The Business Productivity domain supports Prairie businesses, not-for-profit organizations and industry, in initiatives to enhance productivity, competitiveness and the growth of Prairie businesses.

The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.

Planned results
Expected results Performance indicators Target Date to achieve target 2020-21 actual results 2019-20 actual results 2018-19 actual results
Prairie businesses are competitive and export their products/services Export sales growth ($) $194.7M March 31, 2023 $196.7M $206.4M $781.4M
Prairie businesses are competitive and export their products/services Number of jobs created (#) 2,129 March 31, 2023 2,870 2,680 2,489

 

Planned budgetary financial resources (dollars)
2022-23 Planned spending 2023-24 Planned spending 2024-25 Planned spending
79,127,900 55,307,980 38,833,383

 

Planned human resources (FTEs)
Planned FTEs 2022-23 Planned FTEs 2023-24 Planned FTEs 2024-25
69 61 58

 

Program 1.3: Business Services

Description

The Business Services program consists of 6 Western Canada Business Service Network (WCBSN) members, which are independent organizations that receive financial support from Prairies Economic Development Canada to provide services to prospective and current entrepreneurs to help start, grow or expand small businesses across the Prairies. This network offers its services to residents of the Prairies region in over 100 locations. WCBSN members include:

The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.

Planned results
Expected results Performance indicators Target Date to
achieve target
2020-20
Actual results
2019-20
Actual results
2018-19
Actual results
Prairie businesses have access to advisory services and capital Employment growth of PrairiesCan supported firms (percentage)table 7 note * 4.5% March 31, 2023 7.5% 6.8% 8.53%
Prairie businesses have access to advisory services and capital Value of loans disbursed ($)table 7 note ** $39.0M March 31, 2023 $210.3Mtable 7 note *** $78.5M $81.0M
Table 7 Notes
Table 7 Note *

Community Futures (CF) organizations only.

Return to table 7 note * referrer

Table 7 Note **

Aggregate of CF and WEI business loans data.

Return to table 7 note ** referrer

Table 7 Note ***

Actual results include the Regional Relief and Recovery Fund component for COVID-19 relief under the Community Futures program.

Return to table 7 note *** referrer

 

Planned budgetary financial resources (dollars)
2022-23 Planned spending 2023-24 Planned spending 2024-25 Planned spending
30,147,952 33,651,021 33,150,675

 

Planned human resources (FTEs)
Planned FTEs 2022-23 Planned FTEs 2023-24 Planned FTEs 2024-25
42 42 42

Program 1.4: Community Initiatives

Description

The Community Initiatives program provides targeted funding to support economic development activities in communities across the Prairies. Programming in this area is often through dedicated, temporary supplementary funding from the Government of Canada or through the department’s own special allocations in response to the specific challenges that affect communities in the Prairies. It also provides community funding in the Prairies to build and renew infrastructure in rural and urban municipalities across Canada, allowing them to compete in the regional, national and global economy.

The targets for these performance indicators are based on the number of current projects funded by PrairiesCan. The department uses estimates of targets and results provided by clients, to come up with a target for the upcoming fiscal year. Because our targets and results are based on current projects and funding in this specific area, targets and actual results can vary greatly from year to year. Also, many of these are multi-year projects and it can take several years to realize results.

Planned results
Expected results Performance indicators Target Date to
achieve target
2020-21
Actual results
2019-20
Actual results
2018-19
Actual results
Prairie communities have necessary public infrastructure and adjustment support to promote economic growth Number of communities benefitting from infrastructure projects 6 March 31, 2023 41 87 48table 10 note *
Prairie communities have necessary public infrastructure and adjustment support to promote economic growth Number of businesses created, maintained, or expanded 5,548 March 31, 2023 16,186table 10 note ** 325 N/A
Table 10 Notes
Table 10 Note *

Results from restoring the Hudson Bay rail line and reopening of the Port of Churchill. Federal Budget 2018 provided additional funding for this initiative.

Return to table 10 note * referrer

Table 10 Note **

The high number, compared to previous years, is caused by results achieved under the RRRF for COVID-19 Relief.

Return to table 10 note ** referrer

 

Planned budgetary financial resources (dollars)
2022-23 Planned spending 2023-24 Planned spending 2024-25 Planned spending
190,577,754 61,348,038 32,119,525

 

Planned human resources (FTEs)
Planned FTEs 2022-23 Planned FTEs 2023-24 Planned FTEs 2024-25
46 40 38
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