Vehicle Tech Centre Gets Research Funds

WINNIPEG: Daniel Vandal, Minister for PrairiesCan, Minister of Northern Affairs, and Minister for CanNor, has announced a $2.9 million investment in the Vehicle Technology Centre through PrairiesCan. This investment will have a direct impact on research and development in Manitoba’s heavy vehicle and equipment sector. It will assist manufacturers in the transition to zero emission propulsion and the advanced digital initiatives needed for low-volume high-value manufacturing.

Speaking at New Flyer Industries in Winnipeg, Minister Vandal focused on two Budget 2022 measures:

• establishing the new Canada Growth Fund to attract private sector investments, help businesses reduce emissions, diversify economy, and bolster exports by investing in the growth of lowcarbon industries and new technologies across new and traditional sectors. Capitalized at $15 billion, the Canada Growth Fund will target three dollars of private capital for every dollar invested.

• creating an operationally independent federal innovation and investment agency, with initial funding of $1 billion, to help new and established Canadian industries and businesses make the investments they need to innovate, grow and create jobs

Minister Vandal said: “Budget 2022 is about creating good-paying jobs for Canadians; cleaner air and water for our children; and a stronger resilient economy for years to come. This investment from PrairiesCan is concrete action in achieving those goals. This funding will support the Vehicle Technology Centre in developing world-leading technology to meet emission targets."