Western Economic Diversification Canada
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Sub-program 1.1.2: Business Productivity and Growth

Description

Business Productivity and Growth supports western Canadian businesses, business service providers and industry to undertake initiatives to enhance business productivity, competitiveness and growth of western Canadian SMEs. In addition, this sub-program supports delivery of business services and access to capital for targeted client groups such as women, persons with disabilities and Aboriginal people through partner organizations. Transfer payments in support of this sub-program are made under the authority of the Women's Enterprise Initiative and the Western Diversification Program.

Budgetary Financial Resources (dollars)
2014-15
Planned Spending
2014-15
Actual Spending
2014-15
Difference
(actual minus planned)
24,002,214 34,154,560 10,152,346

Note: Actual spending is higher than planned primarily as a result of more project approvals than anticipated under this sub-program following comparative analysis of all proposals received.

 

Human Resources (FTEs)
2014–15
Planned
2014–15
Actual
2014–15
Difference
(actual minus planned)
28 29 1

 

Performance Results
Expected Result Performance Indicators Targets Actual Results
Access to business development services, capital and leveraged capital Number of businesses created, maintained or expanded through business or capital services 2,800 2,469
Adoption of sound management and business practices, and technology Number of SMEs investing in adoption of sound management or business practices, or technology 270 1,525
Access to skilled labour Number of skilled workers hired as a result of training, or skills certification 240 153

 

Performance Analysis and Lessons Learned

WD tracks three indicators to capture the impact of the Business Productivity and Growth sub-program: number of businesses created, maintained or expanded through business or capital services; number of SMEs investing in adoption of sound management or business practices, or technology; and number of skilled workers hired as a result of training or skills certification.

WD met or exceeded its targets for one of the three performance indicators related to the Business Productivity and Growth sub-program (see Performance Results table above).  Two of the three business productivity indicators ("Number of SMEs investing in adoption of sound management or business practices, or technology," and "Number of skilled workers hired as a result of training, or skills certification") were introduced by WD for the first time in 2013-14. The variance between the actual results and the targets for these two new indicators is attributed to the lack of trends data during the target setting exercise.

In 2014–15, WD approved $17.2 million in funding for 17 Business Productivity and Growth projects. WD targeted investments in skills development and training initiatives that increased the availability of equipment and implemented on-site training programs and partnerships between industry and organizations that deliver post-secondary training to increase the training capacity.  In addition, WD continued its efforts to revitalize the Western Canada Business Service Network[xii] (WCBSN). The Department focused its efforts in 2014-15 on the Community Futures[xiii] (CFs) and WEI organizations,[xiv] and by the end of the year, had completed this work to enhance the governance, accountability, performance and alignment of the CFs and WEIs. This work will shift to other WCBSN members, including the Francophone Economic Development Organizations (FEDOs),[xv]  Aboriginal Business Services Network, Entrepreneurs with Disability program and Canada Business Network in 2015-16.