Mr. Speaker, Budget 2024 announced the Government’s intent to create a new capstone research funding organization. The creation of this new organization is intended to increase the impact of federal funding through better coordination and stronger connections among diverse actors, with a view to driving collaboration and harnessing Canadian research to better meet and address emerging challenges.
The Canadian Institutes of Health Research, the Natural Sciences and Engineering Research Council, and the Social Sciences and Humanities Research Council would continue to exist within the new organization, with a focus on supporting excellence in investigator-driven research, including linkages with the Health portfolio, and contributing to the collective and strategic direction of the new organization.
Through the capstone organization, the government is delivering on the observation of the Advisory Panel on the Federal Research Support System that more coordination is needed to effectively support the collaborative, international and interdisciplinary approaches increasingly necessary to address complex societal challenges and respond to emerging opportunities.
As committed to in the 2024 Fall Economic Statement, further details will be announced in the coming months.