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<big><big><big> The Regulators’ Capacity Fund</big></big></big>

<big><big><big> The Regulators’ Capacity Fund</big></big></big>

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First announced in the 2018 Fall Economic Statement, the Regulators’ Capacity Fund (RCF) responds to calls from Canada’s business community, which has been vocal in its desire for regulators to give increased weight to economic and competitiveness considerations in the development and enforcement of regulations. The Government of Canada has committed funding of up to $10M over three years for this purpose.  

First announced in the 2018 Fall Economic Statement, the Regulators’ Capacity Fund (RCF) responds to calls from Canada’s business community, which has been vocal in its desire for regulators to give increased weight to economic and competitiveness considerations in the development and enforcement of regulations. The Government of Canada has committed funding of up to $10M over three years for this purpose.  

To help regulators improve their capacity to incorporate economic and competitiveness considerations in the design and implementation of regulations, the aims of the Fund are to:  

To help regulators improve their capacity to incorporate economic and competitiveness considerations in the design and implementation of regulations, the aims of the Fund are to:  

:*improve capacity to accurately assess the economic impacts of regulatory proposals; and,

:*improve capacity to accurately assess the economic impacts of regulatory proposals; and,

:* support regulators in designing and administering regulations in a manner that, to the extent possible, facilitates economic growth and competitiveness.

:*support regulators in designing and administering regulations in a manner that, to the extent possible, facilitates economic growth and competitiveness.

The RCF supports departments and agencies in undertaking projects or initiatives, ranging in scope, that contribute to the enhancement of regulatory capacity. This involves supporting initiatives that would help regulators carry out their functions in a way that is conducive to economic growth. These initiatives would ultimately contribute to enhanced regulatory competitiveness in or beyond their respective sectors.

The RCF supports departments and agencies in undertaking projects or initiatives, ranging in scope, that contribute to the enhancement of regulatory capacity. This involves supporting initiatives that would help regulators carry out their functions in a way that is conducive to economic growth. These initiatives would ultimately contribute to enhanced regulatory competitiveness in or beyond their respective sectors.

The Regulators’ Capacity Fund is overseen by the Centre for Regulatory Innovation, within the Treasury Board of Canada Secretariat’s Regulatory Affairs Sector. As part of the Government’s broader regulatory modernization agenda, the Centre promotes a federal regulatory framework that supports innovation and competitiveness.

The Regulators’ Capacity Fund is overseen by the Centre for Regulatory Innovation, within the Treasury Board of Canada Secretariat’s Regulatory Affairs Sector. As part of the Government’s broader regulatory modernization agenda, the Centre promotes a federal regulatory framework that supports innovation and competitiveness.

 

The Regulators’ Capacity Fund concluded at the end of March 31, 2022.  

 

 

 

 

 

 

 

 

 

 

 

 

Applicants are encouraged to apply as early as possible so that the CRI can provide feedback. At least one round of feedback is suggested. The deadline for submitting final proposals in Round 1 is '''February 5, 2021 6:00 pm ET'''. The deadline for submitting final proposals in Round 2 is '''May 26, 2021 6:00 pm ET'''. Applications beyond the two rounds will be reviewed on an ongoing basis. 

 

Submitted proposals will be assessed to determine best fit with the overall objectives of the Regulators’ Capacity Fund. Successful applications will be determined based on the results of a competitive review process and budgetary considerations, as determined by the Assessment Committee (composed of TBS representatives). Successful proposals will be notified that they have been selected to receive funding under the Regulators’ Capacity Fund and will begin the process to draft a Memorandum of Understanding in order to obtain funds and initiate their project.

 

The total anticipated funding envelope available for RCF projects to begin in fiscal year 2021-2022 is $2.19 M. Funding will not be available before April 2021. This funding sunsets at the end of fiscal year 2021-22 (March 2022).

 

For additional information about this funding opportunity, including any assistance required to complete the application process, please contact the [mailto:cri-cir@tbs-sct.gc.ca?Subject=Regulators’%20Capacity%20Fund%20Enquiry&body=%20 <u>Centre for Regulatory Innovation</u>].  

:*Analysis-based (i.e. initiatives to enhance understanding of what needs to be done to improve the regime’s competitiveness, and to equip regulators with the relevant skills and information); and,

:*Analysis-based (i.e. initiatives to enhance understanding of what needs to be done to improve the regime’s competitiveness, and to equip regulators with the relevant skills and information); and,

:*Solutions-based (i.e. initiatives to implement solutions that would develop capacity to administer regulations in a more cost-effective manner, which in turn, enhances the regime’s competitiveness).

:*Solutions-based (i.e. initiatives to implement solutions that would develop capacity to administer regulations in a more cost-effective manner, which in turn, enhances the regime’s competitiveness).

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