FII Funding Priorities
FII funded projects directly relate to priorities for the B.C. forest industry and Government as outlined in our annual Investment Strategy. These priorities are developed in consultation with the B.C. forest industry, and through research into emerging trends and opportunities in global markets.
Direction for the annual strategy is provided by the Minister of Jobs, Tourism and Innovation, and the FII Ltd. Board of Directors. Additional input into the investment strategy is provided by the FII Strategy Committee, which is also comprised of senior industry representatives.
The strategy helps guide proponents who submit funding proposals as part of FII’s annual Call for Proposals (December – January). Projects suggested for funding must contribute either directly or indirectly to achieving growth objectives identified in the strategy.
In 2012/2013 the key objectives from the strategy include:
- Ensuring B.C. species go to existing and emerging markets with the greatest opportunity to establish, maintain and increase sales
- Ensuring B.C. forest products have access to markets free from trade and regulatory barriers
- Ensuring end-users know about B.C. species and wood products and their many positive features
- Supporting the development of innovative forest products
- Supporting B.C. companies to achieve best practice in manufacturing, management, and innovation to improve competitiveness
- Providing information on the properties and qualities of B.C. forests and forest products.
FII does not provide loans, grants or subsidies. Funding is not meant to support an individual firm’s activities but to benefit sub-sectors or the B.C. forest sector as a whole.
