Pacific Economic Development Agency of Canada
Results and programs. GC InfoBase reports 6 programs of this department, in its Departmental Plans or its actual spending; 5 are current (in the latest plan or, for a program in no plan, with actual spending in the latest year).
- Actual spending, 2024-25
- $137M
- Planned, 2025-26 (latest plan)
- $140M
- Core responsibilities with indicators
- 1
Spending and employees
Totals of the department's programs: actual spending where reported, then the latest plan.
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2021-22 | — | $169M |
| 2022-23 | — | $222M |
| 2023-24 | — | $191M |
| 2024-25 | — | $137M |
| 2025-26 | $140M* | — |
| 2026-27 | $181M* | — |
| 2027-28 | $177M* | — |
| 2028-29 | $116M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2021-22 | — | 8 |
| 2022-23 | — | 164 |
| 2023-24 | — | 191 |
| 2024-25 | — | 187 |
| 2025-26 | 190* | — |
| 2026-27 | 181* | — |
| 2027-28 | 181* | — |
| 2028-29 | 167* | — |
Results at a glance
How many indicators met their target each year, as reported in the Departmental Results Reports. Source: GC InfoBase.
Core responsibility indicators
| Report year | Met | Not met | No result reported | Not yet due | Share met (of met and not met) |
|---|---|---|---|---|---|
| 2022-23 | 7 | 6 | 0 | 0 | 54% |
| 2023-24 | 6 | 7 | 0 | 0 | 46% |
| 2024-25 | 13 | 2 | 0 | 0 | 87% |
Program indicators
| Report year | Met | Not met | No result reported | Not yet due | Share met (of met and not met) |
|---|---|---|---|---|---|
| 2022-23 | 7 | 2 | 0 | 0 | 78% |
| 2023-24 | 6 | 3 | 0 | 0 | 67% |
| 2024-25 | 8 | 2 | 0 | 0 | 80% |
Results by core responsibility
Economic Development in British Columbia (26 indicators)
Historical: targets against results
Amount leveraged per dollar invested by PacifiCan in community projects
2024-25Target: ≥ 1 (2025)Result: 1.5Met
Number of contributing partners engaged in advancing community-based projects (e.g., providing financial or in-kind support)
2024-25Target: ≥ 109 (2025)Result: 70Not met
Number of directly assisted PacifiCan recipients that are majority-led by under-represented groups
2024-25Target: ≥ 27 (2025)Result: 34Met
Number of highly qualified personnel (HQP) jobs created (Technology-related projects)
2024-25Target: ≥ 182 (2025)Result: 310Met
Number of highly-qualified personnel (HQP) jobs created (Businesses-related projects)
2024-25Target: ≥ 509 (2025)Result: 1,074Met
Number of highly-qualified personnel (HQP) jobs created (Community-based projects)
2024-25Target: ≥ 13 (2025)Result: 551Met
Number of jobs created (Businesses-related projects)
2024-25Target: ≥ 751 (2025)Result: 2,634Met
Number of jobs created (Community-based projects)
2024-25Target: ≥ 15 (2025)Result: 2,362Met
Number of jobs created (Technology-related projects)
2024-25Target: ≥ 306 (2025)Result: 504Met
Number of technologies to market
2024-25Target: ≥ 32 (2025)Result: 155Met
Revenue growth rate of firms supported by PacifiCan programs
2024-25Target: ≥ 16% (2025)Result: 15%Not met
Value of business sales growth resulting from technology commercialization or adoption
2024-25Target: ≥ $26.3M (2025)Result: $27.2MMet
Value of exports (Businesses-related projects)
2024-25Target: ≥ $185M (2025)Result: $387MMet
Value of exports (Technology-related projects)
2024-25Target: ≥ $148M (2025)Result: $149MMet
Value of PacifiCan community economic development investments
2024-25Target: ≥ $7.5M (2025)Result: $11.3MMet
Number of high growth firms in British Columbia
2023-24Target: ≥ 2,072 (2024)Result: 2,350Met
Percentage of companies engaged in collaborations with higher education institutions in British Columbia
2023-24Target: ≥ 10% (2024)Result: 23.9%Met
Percentage of professional, science and technology‑related jobs in British Columbia’s economy
2023-24Target: ≥ 35.8% (2024)Result: 34.7%Not met
Percentage of SMEs that are majority-owned by Indigenous people in British Columbia
2023-24Target: ≥ 1.8% (2024)Result: 1.6%Not met
Percentage of SMEs that are majority-owned by persons with disabilities in British Columbia
2023-24Target: ≥ 1.2% (2024)Result: 1.2%Met
Percentage of SMEs that are majority-owned by visible minorities in British Columbia
2023-24Target: ≥ 12.1% (2024)Result: 11.5%Not met
Percentage of SMEs that are majority-owned by women in British Columbia
2023-24Target: ≥ 18.1% (2024)Result: 17.6%Not met
Percentage of SMEs that are majority-owned by youth in British Columbia
2023-24Target: ≥ 12.8% (2024)Result: 12.4%Not met
Value of business enterprise expenditure in research and development by firms receiving PacifiCan program funding (in dollars)
2023-24Target: ≥ $15.7M (2024)Result: $48.7MMet
Value of exports of clean technologies (in dollars) from British Columbia
2023-24Target: ≥ $2.5B (2024)Result: $3.25BMet
Value of exports of goods from British Columbia
2023-24Target: ≥ $70.4B (2024)Result: $64.7BNot met
Current: the 2026-27 plan's targets
Amount leveraged per dollar invested by PacifiCan in community projects
2026-27Target: ≥ 1 (2027)Result: —Planned
Number of contributing partners engaged in advancing community-based projects (e.g., providing financial or in-kind support)
2026-27Target: ≥ 30 (2027)Result: —Planned
Number of directly assisted PacifiCan recipients that are majority-led by under-represented groups
2026-27Target: ≥ 30 (2027)Result: —Planned
Number of highly qualified personnel (HQP) jobs created (Technology-related projects)
2026-27Target: ≥ 280 (2027)Result: —Planned
Number of highly-qualified personnel (HQP) jobs created (Businesses-related projects)
2026-27Target: ≥ 1,750 (2027)Result: —Planned
Number of highly-qualified personnel (HQP) jobs created (Community-based projects)
2026-27Target: ≥ 20 (2027)Result: —Planned
Number of jobs created (Businesses-related projects)
2026-27Target: ≥ 4,300 (2027)Result: —Planned
Number of jobs created (Community-based projects)
2026-27Target: ≥ 45 (2027)Result: —Planned
Number of jobs created (Technology-related projects)
2026-27Target: ≥ 700 (2027)Result: —Planned
Number of technologies to market
2026-27Target: ≥ 40 (2027)Result: —Planned
Revenue growth rate of firms supported by PacifiCan programs
2026-27Target: ≥ 16% (2027)Result: —Planned
Value of business sales growth resulting from technology commercialization or adoption
2026-27Target: ≥ $75M (2027)Result: —Planned
Value of exports (Businesses-related projects)
2026-27Target: ≥ $425M (2027)Result: —Planned
Value of exports (Technology-related projects)
2026-27Target: ≥ $89M (2027)Result: —Planned
Value of PacifiCan community economic development investments
2026-27Target: ≥ $10M (2027)Result: —Planned
Future goals: targets due after 2026-27
No targets with a later due date.
Programs
| Program | Core responsibility | Status | Latest plan, first year | Last actual | Indicators |
|---|---|---|---|---|---|
| Business Growth · BYK02 | Economic Development in British Columbia | New since an earlier plan | $97.1M 2026-27 | $65.6M 2024-25 | 4 |
| Innovation · BYK01 | Economic Development in British Columbia | New since an earlier plan | $37.3M 2026-27 | $22.4M 2024-25 | 4 |
| Community Initiatives · BYK04 | Economic Development in British Columbia | New since an earlier plan | $22.3M 2026-27 | $16.8M 2024-25 | 5 |
| Business Services · BYK03 | Economic Development in British Columbia | New since an earlier plan | $14.3M 2026-27 | $21.2M 2024-25 | 4 |
| Internal Services · ISS10 | — | New since an earlier plan | $9.7M 2026-27 | $10.6M 2024-25 | 0 |
| Internal Services · ISS00 | — | Not in a Departmental Plan | — | $3.7M 2021-22 | 0 |
