CED provides funding for 51 projects helping to accelerate the construction of affordable housing and to develop innovative, sustainable construction manufacturing solutions.
Rapid, sustainable homebuilding is a priority for the Government of Canada. To increase the affordable housing supply, it has become imperative to stimulate the residential construction industry and to strengthen its capacity to innovate.
It is in this context that the Honourable Mélanie Joly, Minister of Industry and Minister responsible for CED, along with Parliamentary Secretary to the Minister of Housing and Infrastructure Caroline Desrochers, and Member of Parliament for Terrebonne Tatiana Auguste, today announced $26,400,537 in funding for the homebuilding supply chain in Quebec. Minister Joly proceeded with this announcement in Terrebonne, highlighting CED investments in two local businesses, Le Groupe LGR and Rinox.
First, Minister Joly is announcing a total of $9.85M in CED financial support for 10 projects under the Regional Homebuilding Innovation Initiative (RHII). The recipients are the Cégep de l'Abitibi‑Témiscamingue, Global LVL, Les Habitations Mont Carleton, R.C.M. Modular, Le groupe LGR, TBC Fabrication, Les Industries Bonneville, Les Modules Écologiques Move Home and Sokio Industry. In addition to these investments, $600,000 in funding was announced earlier this year for Fab Structures, corresponding to the total budget of $10.45M attributed to CED for this initiative.
Second, Minister Joly is announcing a total of $15,950,537 in CED funding for 40 projects under the Regional Economic Growth through Innovation (REGI) program and the Quebec Economic Development Program (QEDP). The aim of the projects supported through the REGI program is to commercialize innovative manufacturing products and the aim of those supported through the QEDP is to grow local and regional manufacturing businesses in the homebuilding sector.
