Canada Bolsters Support for Science and Technology
Early Investment Launches TRIUMF's Ambitious Five-Year Plan
(Vancouver, BC) --- In its Economic Action Plan for 2014-2015 released today, the Government of Canada has renewed its commitment to TRIUMF’s existing world-leading research and international partnership activities. The budget secures a base level for existing operations, proposing $222 million for the five years beginning 2015-2016. The announcement of this commitment comes a year in advance and gives TRIUMF a six-year planning horizon for the first time, a strategic advantage for Canada in the highly competitive world of international science.
Paul Young, Chair of the TRIUMF Board of Management and Vice-President, Research and Innovation, at the University of Toronto said, “This investment signals high confidence in TRIUMF and its pursuit of fundamental research that attracts talent and fuels growth. The government has made a clear statement about the continuing value of the laboratory and the Canadian science, technology, and innovation it represents. We look forward to working with the government to continue enhancing resources for TRIUMF’s operations and seizing new opportunities.”
Jim Hanlon, TRIUMF’s Interim Chief Executive Officer / Chief Administrative Officer, said, “We were pleasantly surprised to see this early support for core operations in TRIUMF’s Five-Year Plan 2015-2020. The plan focuses on providing value to Canada by advancing knowledge, creating future leaders, and driving growth. We have high ambitions and this investment will enable us to work with the Government of Canada and all our stakeholders to secure the additional resources required to implement the plan.”
TRIUMF’s Five-Year Plan 2015-2020 is available at URL http://www.triumf.ca/five-year-plan-2015-2020.
Tim Meyer, TRIUMF's Head of Strategic Planning and Commuication said, "This development represents another step in the evolution of how TRIUMF is funded. We now have a core level announced a year in advance which makes a big difference in terms of planning, and we see an invitation to focus on targeted supplements in future federal budgets that address key strategic opportunities as well as energy prices, inflation, and infrastructure maintenance."
-- Taken from a TRIUMF Press Release
Photo credit: JONATHAN HAYWARD/Jonathan Hayward/CP
Additional media coverage:
- http://ubyssey.ca/news/2014-federal-budget-014/
- http://www.theglobeandmail.com/news/politics/the-10-key-priorities-of-fl...
- http://www.theglobeandmail.com/news/british-columbia/new-federal-funding...