Mr. Speaker, I am pleased to speak tonight on behalf of my constituents as we wrap up debate on Bill C-60, our government's legislative implementation of Canada's economic action plan.
I would like to thank the Minister of Finance for his great work managing Canada's economy. Canada has held the strongest record of growth and job creation among the G7 countries during the recovery from the global economic recession. As I have done before, I would like to thank the Minister of Finance for consulting with Canadians and giving us the opportunity to submit our constituents' recommendations directly to his office. This budget is for Canadians by Canadians. The Minister of Finance has built an extraordinary foundation for economic growth. He has done this by focusing on the needs and priorities of Canadians, including keeping taxes low, and by identifying and eliminating government waste.
Our economic action plan is focused on five pillars: The first is connecting Canadians with available jobs, the second is helping manufacturers and businesses succeed in the global economy, the third is creating a new public infrastructure plan, the fourth is investing in world-class research and innovation, and the fifth is supporting families and communities.
In my previous remarks on Canada's economic action plan, I talked about the issues that matter to the people I represent: job creation, business taxes, infrastructure, and how the federal government is assisting families and communities. It is the remaining pillar of our economic action plan that I would like to touch on today: our government's commitment to invest in world-class research and innovation.
The global economy is changing. In order for Canadian businesses to remain competitive and create jobs, we believe the government has an important role to play when it comes to research and innovation to ensure that Canada is on the leading edge of science and technology. Since 2006, we have provided more than $9 billion in new resources to support science, technology and the growth of innovative firms. Beginning this fiscal year, we will build on this foundation with new investments to support advanced research and pursue a new approach to supporting business innovation and enhancing Canada's venture capital system. In supporting advanced research, the Government of Canada partners with industry and academia to fund research projects that are critical to maintaining our competitive edge in a global economy.
Let us take a look at what is on the line. According to the OECD science and technology indicators, Canada ranks first among the G7 countries in higher education and development spending as a percentage of GDP. We are world leaders in this area. In its September 2012 report, “The State of Science and Technology in Canada”, the Council of Canadian Academies noted that Canada is internationally renowned for excellence in a wide range of disciplines including clinical medicine, information and communication technologies, physics and astronomy, and psychology and cognitive sciences. We owe it to Canadian researchers to continue to invest in their work and institutions.
I will talk specifically about our post-secondary institutions and how we are looking to assist them in their research goals. I am a member of the Conservative post-secondary education caucus, which is shared by the member for Winnipeg South. Our focus is on consulting with Canadian colleges and universities to ensure they have a line of communication with their government and to ensure that our young generation of post-secondary students are able to thrive in academic environments and become Canada's leaders of tomorrow. We are very pleased with this budget's commitments to post-secondary research, which would strengthen research partnerships between post-secondary institutions and industry, reinforce Canadian research capacity in genomics and support leading-edge research infrastructure.
In terms of strengthening research partnerships between post-secondary institutions and industry, our economic action plan has budgeted $37 million annually to support research partnerships with industry through the granting councils. To break this down, $15 million would fund the Canadian Institutes of Health Research strategy for patient-oriented research, which would not only contribute to Canadian innovation, but would ultimately benefit health care delivery and, most importantly, patients.
Seven million dollars per year would be allocated to the Social Sciences and Humanities Research Council. This funding would, in part, support research related to the labour market participation of persons with disabilities.
The remaining $15 million per year is budgeted for the Natural Sciences and Engineering Research Council, including $12 million to enhance the college and community innovation program. This program helps firms to become more innovative and productive by supporting collaboration between colleges and industry. It has been an incredibly successful program, and has resulted in cutting-edge products that overcome barriers and solve everyday problems.
In my riding, Red Deer College continue to produce world-class graduates in a variety of disciplines and contributes applied research in our community. The office of applied research and innovation links the expertise of Red Deer College with partners in central Alberta from both the public and private sectors. Red Deer College operates the centre for innovation and manufacturing and facilitates the execution of a number of research and demonstration projects. The college is active in several areas of research, including several projects in community health innovation in collaboration with the local health authority and health care providers.
It is no coincidence that the government's plans line up with what is really happening in academia. We are committed to helping Canadian post-secondary institutions with their priorities. They are the experts and the researchers who see the light and know what research is needed, and which projects are cutting edge. We have consulted with them and we are committed to investing in their work.
When I see the research and innovation areas that our economic action plan will contribute to, I am confident the Red Deer College will benefit from our investments.
Our government also recognizes that federally sponsored research undertaken at post-secondary institutions entails indirect costs, and so we provide support for these through the indirect cost program. In the coming year, the government will examine the indirect cost program, in consultation with the post-secondary sector, including the Association of Universities and Colleges of Canada, to ensure that the program is meeting its objectives of reinforcing excellence in post-secondary research. We are looking forward to these discussions with the post-secondary sector.
We recognize that in order to yield the world's best research, Canadian researchers need leading-edge infrastructure. They need a place to carry out their research, experiments and inventions. To assist post-secondary institutions with their infrastructure needs, economic action plan 2013 prioritizes funding for the Canadian Foundation for Innovation. The CFI is a not-for-profit corporation that supports modernization of research infrastructure at Canadian universities, colleges, research hospitals and other not-for-profit research institutions.
It plays a vital role in attracting and retaining the world's top researchers and training the next generation of researchers and highly skilled workers. To date, the government has provided close to $5.5 billion to the Canadian Foundation for Innovation to sustain its core investment activities. Building on this commitment, economic action plan 2013 is announcing that a further $225 million would be allocated to enrich the leading-edge new innovations fund competition, sustain the CFI's operations, support cyberinfrastructure and respond to evolving priorities approved by the Minister of Industry. It is important to note that this funding will be sourced from accrued interest income from funding that CFI had previously received from the government. This is further proof of our commitment to efficient use of taxpayers dollars. It is a win-win for Canadian taxpayers and researchers.
As a former teacher, I have been involved in academia as a student as well as a mentor for ambitious young Canadians who have gone into research fields in a variety of disciplines. I am very aware of the importance of public investment in our colleges and universities. To maintain a successful economy, one that creates jobs and opportunities for all Canadians, a focus on post-secondary education and its infrastructure is vital. This is where our leaders of tomorrow are learning today.
The investments that this budget makes in post-secondary research and innovation will benefit our economy for generations to come. The spinoff effects of research and innovation on our economy are incalculable.
I make a last-minute plea to the opposition to appreciate the benefits that these investments will result in, and support this budget. Whether encouraging job creation, promoting economic growth or ensuring Canada's long-term prosperity, our focus is on what matters to Canadians. My constituents have told me that the priorities of this budget are the priorities that matter to them as taxpayers: creating jobs, keeping taxes low, investing in public infrastructure and world-class research and innovation, and supporting Canadian families. That is what this budget would do and I am proud to stand in support of it on behalf of the hard-working taxpayers of Red Deer.