Mr. Speaker, in response to part (a) of the question, no funding has been provided by the Canada Growth Fund (CGF). Implementation of the first phase of CGF is currently underway. Initial capitalization for CGF was provided in Bill C-32.
With respect to part (b) of the question, CGF will make investments that catalyze substantial private sector investment in Canadian businesses and projects to help transform and grow Canada’s economy at speed and scale on the path to net-zero. CGF will determine which businesses and organizations will be the recipients of this financing and it will apply rigorous criteria to each investment it makes.
Finally, with respect to part (d) of the question, CGF will make investments that catalyze substantial private sector investment in Canadian businesses and projects. Among CGF’s investment selection criteria will be long term benefits for Canada. Investments must have a reasonable chance to strengthen the development of Canadian human capital and knowledge and generate follow-on, long-term benefits for Canada beyond those realized by the specific investment. Potential long-term benefits could include activities done in Canada, the development or use of Canadian intellectual property, or the creation or strengthening of Canadian value chains.