Program directory · Pacific Economic Development Agency of Canada
Business Growth
- Program code
- BYK02 (PCAN)
- Core responsibility
- Economic Development in British Columbia
- In Departmental Plans
- 2022-23 – 2026-27 · New since an earlier plan
What it does
The Business Growth Program has two domains that support British Columbian businesses, industry and research organizations to enhance their productivity, participation in global markets, and competitiveness. Trade, Investment and Market Access domain increases British Columbia’s participation in global markets, increasing awareness of British Columbia’s technology capabilities abroad and attracting foreign investment to the region. The Business Productivity domain supports British Columbian businesses, not for profit organizations and industry in initiatives to enhance productivity, competitiveness and the growth of British Columbian businesses.
Source: the department's Program Inventory, via GC InfoBase.
History and lineage
First appears in GC InfoBase's actual spending by program in 2021-22. The data does not record when a program was created; it may be older than its first appearance here, which is limited by the sources (program spending starts in 2010-11, Departmental Plans in 2018-19).
| Program | Relation | Years with data | Actual spending over those years |
|---|---|---|---|
| Business Growth | This program | 2021-22 – 2028-29 | $240M |
No earlier or later program in the same department has a similar name.
Significant changes in scope and budget
Detected from the data: renames between plans, programs it appears to replace, merge with or split into (matched by name), year-over-year changes in spending of at least 25% and $5M, or in employees of at least 20% and 25 FTEs, linked budget measures, and results indicators added or dropped.
| Year | What changed | Source |
|---|---|---|
| 2022-23 | Spending $59.9M, against $38.7M in 2021-22 (+55%). | Actual spending (GC InfoBase) |
| 2023-24 | Spending $75.9M, against $59.9M in 2022-23 (+27%). | Actual spending (GC InfoBase) |
| 2024-25 | Indicators added: Clean technology exports from Business Growth projects; Number of SMEs assisted through Business Growth projects | Departmental Results Framework (GC InfoBase) |
| 2024-25 | Indicators dropped: Export sales growth; Number of jobs created | Departmental Results Framework (GC InfoBase) |
| 2026-27 | Planned spending $97.1M, against $74M in 2025-26 (+31%). | Latest Departmental Plan |
| 2028-29 | Planned spending $47.3M, against $97M in 2027-28 (−51%). | Latest Departmental Plan |
Success criteria
The program's indicators from its department's Departmental Results Framework: the target set in each year's plan, and the result reported the following year. Source: GC InfoBase.
Historical: targets against results
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2024-25 | ≥ $22.4M | 2025 | $68M The variance reflects stronger performance in certain projects in 2024-25. | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2024-25 | ≥ 324 | 2025 | 1,046 The variance reflects stronger performance in certain projects and the introduction of new projects in 2024-25. | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2022-23 | ≥ $193M | 2023 | $276M | Met |
| 2023-24 | ≥ $248M | 2024 | $1.17B | Met |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2022-23 | ≥ 409 | 2023 | 4,864 | Met |
| 2023-24 | ≥ 448 | 2024 | 1,360 | Met |
Current: the 2026-27 plan's targets
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ $40M | 2027 | — | Planned |
Bars: result reported. Dashed line: target.
| Report year | Target | Due | Result | Status |
|---|---|---|---|---|
| 2026-27 | ≥ 1,100 | 2027 | — | Planned |
Future goals: targets due after 2026-27
No targets with a later due date.
Spending and employees: planned against actual
Spending
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2021-22 | — | $38.7M |
| 2022-23 | $86.5M | $59.9M |
| 2023-24 | $80.3M | $75.9M |
| 2024-25 | $52.3M | $65.6M |
| 2025-26 | $74M | — |
| 2026-27 | $97.1M | — |
| 2027-28 | $97M* | — |
| 2028-29 | $47.3M* | — |
Employees (FTEs)
Show the numbers
| Fiscal year | Planned | Actual |
|---|---|---|
| 2022-23 | 63 | 33 |
| 2023-24 | 63 | 35 |
| 2024-25 | 35 | 47 |
| 2025-26 | 49 | — |
| 2026-27 | 51 | — |
| 2027-28 | 51* | — |
| 2028-29 | 43* | — |
Planned spending, plan by plan
Each row is one year's Departmental Plan and its forecast for the next three fiscal years; read a column down to see how the forecast for one year changed. The last row is what was actually spent. Click an amount for its source. Biggest changes in federal spending plans
| Plan | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 | 2027-28 | 2028-29 |
|---|---|---|---|---|---|---|---|
| 2022-23 plan | $86,545,138 | $62,618,091 | $50,525,615 | ||||
| 2023-24 plan | $80,268,666 | $51,447,788 | $50,382,590 | ||||
| 2024-25 plan | $52,299,752 | $51,100,116 | $48,161,479 | ||||
| 2025-26 plan | $74,028,290 | $66,277,908 | $66,260,536 | ||||
| 2026-27 plan | $97,075,052 | $97,011,454 | $47,326,526 | ||||
| Actual | $59,862,777 | $75,887,571 | $65,611,324 |
Actual spending is from Departmental Results Reports and the Public Accounts, as published in GC InfoBase. FTEs are full-time equivalents.
