Thank you, Madam Chair.
As assistant deputy minister for Western Economic Diversification Canada in the Alberta region, I support our department's mandate in developing and diversifying the western Canadian economy.
Our department delivers programs that improve innovation, business development, and community economic development throughout the four western provinces. This includes initiatives that are delivered directly by Western Diversification as well as the western portion of a number of national programs and initiatives.
WD uses grants and contribution programs and funding is provided to not-for-profit organizations such as industry associations, economic development organizations, research institutes, or universities.
WD doesn't normally provide funding to businesses.
The department designs, delivers, monitors, and evaluates projects in a way that is consistent with best practices and that meets the federal due diligence standards.
Project proposals may be received at various levels in our department. Regardless of how an application is received, the due diligence process remains the same. Some steps include ensuring the proposal meets program criteria, reviewing the financial market and economic viability of the project, and confirming funding from other stakeholders and partners.
Other steps in the due diligence process are related to specific federal obligations—for example, completion of appropriate consultative processes, including with the first nations, and ensuring that projects meet regulatory and environmental requirements. This due diligence process must be completed before federal funding can be provided to any project.
At times it may be determined upon preliminary review of an application that the project did not meet the programming criteria. In these cases, a project may be declined immediately, and options to more appropriate sources of funding may be provided to the applicant.
I was contacted by Mr. Jaffer concerning a proposal for a project supporting a technology development plan and testing. The project was reviewed by departmental officials and me, and determined to fall outside WD's program criteria, as the primary benefactors were for-profit companies. No funding was provided.
To conclude, WD ensures that the investment of federal funds is supported by a strong and feasible business case and that funding is delivered within a framework that ensures appropriate stewardship and accountability for public funds.
Merci.