Innovation, Science and Economic Development Canada, or ISED, ensures that departmental spending is cost-effective and delivers results for Canada.
As part of the comprehensive spending review, ISED is directing and reprioritizing programs in its area of expertise, science and industry, to avoid duplication and improve alignment with the minister's specific mandate while eliminating impacts on stakeholders and clients. ISED is achieving efficiencies by consolidating its functions, simplifying its internal structures and processes, and reducing its operational footprint. We will continue to support economic growth across the country by focusing on an inclusive, equitable and ambitious Canadian economy.
The department is making spending cuts. The next plan will lay out more clearly what the key aspects are. It must be said that this is a three-year exercise, requiring the department to run it with agility while recognizing that the department has received new funding for the other priorities. That said, it will be clear in the next departmental plan.