I thank you for the question.
Economic action plan 2014, as have the other budgets, is very focused on job creation and making sure that our economy is sound and growing, and that Canadian families have jobs. One of the main focuses, one I mentioned already in my remarks that I'm very pleased with, is this new investment for women entrepreneurs. There's a $150,000 initial investment in order to develop a robust mentorship program to allow women to be supported, whether in a start-up business or in growing and expanding the business they already have.
A lot of women are only now realizing that there are great economic opportunities for them and their families to have a great quality of life by entering into skilled professional trades. One of the things I have heard since the announcement of the budget this year, which has been so powerful, is the new apprenticeship grant program and loan program. This is an over $100-million investment to make sure that interest-free loans are available, for the first time in Canadian history, for young apprentices. We had heard that a barrier to entry into apprenticeship, whether that be for women or men, was the financial hardship. Now these individuals, just like university students, have an opportunity to access an interest-free loan, and I think this would be very encouraging to young women who are interested in the skilled professional trades.
I was at Durham College about five weeks ago, where I met three outstanding young women: one wants to be a carpenter; another wants to be an electrician; and the other wants to be a pipefitter. I'm a cross between all of those as an orthopedic surgeon. It was outstanding. Not only did they know where their placement was, where they already know a job is available for them, they will also now be financially supported in doing that, and they may go out and run their own business in the future.
I'm delighted with these two substantive initiatives, and I'm hopeful that Canadian women will take full advantage of both.