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Name of Horizontal Initiative: Western Economic Partnership Agreements (WEPAs)
Name of Lead Department(s): Western Economic Diversification
Lead Department Program Activity: Community Economic Planning, Development and Adjustment; Business Development and Entrepreneurship; and Innovation
Start Date of the Horizontal Initiative: April 17, 2008
End Date of the Horizontal Initiative: March 31, 2014
Total Federal Funding Allocation (start to end date): $100 million
Description of the Horizontal Initiative (including funding agreement): WEPAs are four-year, $50 million cost shared agreements between the federal government and each of the four western provinces to promote shared economic development priorities. Approvals may be made up until March 31, 2012, although expenditures on approved WEPA projects may continue until September 2013.
Shared Outcome(s): Greater federal-provincial cooperation towards realizing the economic and regional development potential of the West by helping to create innovative, entrepreneurial and sustainable communities.
Governance Structure(s): Joint Federal Provincial Management Committees
|Federal Partners||Federal Partner Program Activity (PA)||Names of Programs for Federal Partners||Total Allocation (from Start to End Date)||Planned Spending for
|Actual Spending for
|Expected Results for
|Results Achieved in
|Western Economic Diversification||PA1 - Community Economic Planning, Development and Adjustment||Western Diversification Program||$10.0M||$5.1M||$0.4M||Leveraging (from all sources) of $1.21 for every $1 spent||$4.33*|
|PA2 - Business Development and Entrepreneurship||Western Diversification Program||$45.0M||$7.8M||$4.1M||Leveraging (from all sources) of $1.21 for every $1 spent||$4.33*|
|PA3 - Innovation||Western Diversification Program||$45.0M||$8.1M||$14.0M||Leveraging (from all sources) of $1.21 for every $1 spent||$4.33*|
Comments on Variances: *Leverage at the time of approval, for all projects on approved and proceeding during 2009-10.
Results achieved by non-federal partners (if applicable): The Provincial governments of BC, AB, SK and MB contributed towards the mutually agreed upon priorities of each of the four WEPAs. Federal Priority areas include Technology Commercialization, and Business Productivity and Competitiveness. Projects were also approved/ funded in support of Provincial government priority areas such as: Community and Regional Development and Diversification, and Economic Development through Tourism opportunities.
Myka Pappas-Beckers, Program Analyst