Whether it’s at school or in the workplace, youth skills development has been at the core of our Government’s approach to strengthening the middle class and growing the economy. With its strong focus on innovation and skills, Budget 2017 takes the next steps in securing a more prosperous future for all Canadians.
To help students succeed in their future careers we’re investing:
- $50 million over two years to support a kindergarten to grade 12 (K-12) program to provide coding and digital skills education to more young Canadians;
- $10.8 million over five years, for the existing PromoScience program to introduce diverse groups of young Canadians to the power and potential of science, technology, engineering and mathematics (STEM) fields;
- $25 million over five years for post-secondary scholarships from Indspire, with additional leveraging from the private sector of $15 million, that will support scholarships for over 12,000 Indigenous students;
- $12.5 million over six years to launch a pilot project to explore new ways to increase awareness of the Canada Learning Bond and reduce barriers to access among low-income families;
- $59.8 million over four years and $17 million per year ongoing to expand eligibility for Canada Student Loans and Grants for students in part-time studies to help even more students qualify for student financial assistance;
- $221 million over five years, to renew and expand funding for Mitacs, a not-for-profit organization that builds partnerships between industry and educational institutions, to help meet its goal of providing 10,000 work-integrated learning placements for post-secondary students and graduates each year; and
- $14 million over two years to renew funding for Futurpreneur Canada to continue supporting the next generation of entrepreneurs through mentorship and financing.
These initiatives complement our Government’s $395.5 million Youth Employment Strategy, which offers additional employment and skills development opportunities for youth.
Canada’s prosperity increasingly depends on young Canadians getting the skills and experience they need to prepare for the jobs of tomorrow. It’s important that our youth get access to meaningful work from the start of their careers, and that’s exactly what our Government is delivering with this funding.