Federal Budget 2018 commits to strong base in fundamental science
On Feb. 27, the Honourable Bill Morneau, minister of finance, delivered his third federal budget and announced the government’s continued support for science and research.
“The University of Calgary applauds these significant investments in fundamental science,” says Elizabeth Cannon, president and vice-chancellor. “The new funding from the federal government will enhance resources for investigator-led, curiosity driven, and solution-oriented research for the benefit of Canadians.”
The government’s substantial investment of $1.2 billion over five years to the granting councils for fundamental research will drive economic growth and give Canadians the skills they need to succeed. These investments will strengthen the capacity to innovate while building the social and economic fabric of Canada. The Research Support Fund will also receive an additional $231 million over five years to support universities with the indirect costs of research.
The government’s investment of $763 million over five years in the Canada Foundation for Innovation will ensure that Canada’s scientific infrastructure needs are able to respond to demands from the system.
Additionally, an investment of $210 million in new funding over five years for the Canada Research Chair program will help the University of Calgary attract leading academic talent and will support a renewed focus on equity and early career researchers.
“The investments made in Budget 2018 make an important and essential commitment to equity, diversity and inclusion,” Cannon said. “Our people are our strength and an investment that prioritizes early career researchers and a diversity of voices is an investment in our future.”
The government also announced $1.8 billion over five years for programs to support Indigenous Peoples in developing employment skills and pursuing training for high-quality jobs.