Mr. Chair, I thank my hon. colleague for Davenport not only for her important question, but also for raising many of those investments that we have in budget 2021 in her speech. I will talk about more of them.
We propose improving the Canada small business financing program by providing $560 million, which will support approximately 2,900 additional small businesses. It also outlines the new Canada recovery hiring program, which will provide subsidies to eligible employers to support them in hiring new staff during the recovery process.
Additionally, budget 2021 proposes an investment of up to $80 million toward the Community Futures Canada network and regional development agencies to support an extended application deadline for the regional relief and recovery fund and indigenous business initiative.
As well, we have seen first-hand over the past year the impact of technology on small businesses, and that is why we have allocated $2.6 billion to it.