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Regulators' Capacity Fund (view source)
Revision as of 09:00, 20 September 2022
, 09:00, 20 September 2022Updating with 2022-2025 call-out information
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=== Overview ===
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. From 2020-2022, the RCF supported 26 projects with over $8.9 million in funding.
A September 2022 off-cycle funding decision renewed the fund, providing $6.2M over three years (2022-2025) to further support regulators. The renewed fund has expanded to include projects that support post-pandemic resiliency/recovery efforts.
We expect this funding will be made available to TBS in late fall. The purpose of this call-out is to begin identifying and approving projects beginning this fiscal year as soon as possible – this will allow TBS to avoid delays in disbursing funding to regulators once the funding is made available.
To help regulators improve their capacity to incorporate economic, competitiveness, and resilience considerations in the design and implementation of regulations, the aims of the renewed Regulators’ Capacity Fund are to:
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.
* enhance the capacity of regulators to accurately assess economic impacts of regulatory proposals, including impacts on competitiveness at sector and aggregate levels;
* enhance the capacity of regulators to design and administer regulations in a manner that accounts for economic and competitiveness impacts, within the context of their overall objectives; and,
* enhance the capacity of regulators to incorporate learnings from the ongoing pandemic response and adapt to rapidly-evolving regulatory landscapes to facilitate a system that is better equipped to mitigate future risks and respond to unanticipated developments, especially those related to climate change and public health.
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.
=== Key Dates for Current Call for Proposals ===
* September 19, 2022 – Application process open
* October 28, 2022 – Deadline to submit proposals for 2022-2023 projects
* Late Fall 2022 / Early Winter 2023 – Assessment of proposals
* Winter 2023 – Funding disbursed to successful applicants
* March 31, 2025 – Funding sunsets; projects must be completed
=== Key Documents ===
* RCF Guide 2022-2025
* RCF Proposal Template
=== Available Funding ===
Total funding available per fiscal year for the Regulators’ Capacity Fund is outlined below.
{| class="wikitable"
|Fiscal Year
|Total RCF funding available
|-
|2022-2023
|$1.2 M
|-
|2023-2024
|$3 M
|-
|2024-2025
|$2 M
|}
There is no minimum or maximum amount for a funding request under the Regulators’ Capacity Fund; however, the amount requested must be justified with the scope of the project.
=== Eligibility ===
To be eligible for funding, proposed projects must clearly demonstrate how their funding request meets the criteria as outlined in the RCF Guide. Departments are highly encouraged to reach out to the [[Mailto:cri-cir@tbs-sct.gc.ca?Subject=Regulators’ Capacity Fund Enquiry&body=|Centre for Regulatory Innovation]] to discuss their proposed idea to determine its eligibility before they begin their application for funding under the RCF.
Applications to the RCF can be submitted by federal regulators such as departments, agencies, and organizations to receive funding in fiscal years 2022-23, 2023-24 and/or 2024-25. The is no minimum duration for a project under the RCF; however final completion of the project can be no later than March 31, 2025.
=== Applying for funding ===
In order to apply for the Regulators’ Capacity Fund, applicants must complete the proposal template, that provides an overview and outline of the proposed project and applicant capacity to undertake the work. Further information on how to complete the proposal can be found in the RCF Guide.
All proposals must be submitted via email to the [[Mailto:cri-cir@tbs-sct.gc.ca?subject=Proposal Submission for Regulators’ Capacity Fund 2022-2025&body=|Centre for Regulatory Innovation]]. Receipt of proposals will be acknowledged via email. Please ensure that your email address is included in your proposal application. The CRI may be in touch with applicants during this process to discuss their submission.
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 is October 28, 2022 6:00 pm ET. If there is still sufficient funding for future years, the CRI will launch additional call(s) to solicit proposals.
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. Applicants that were not selected for funding will be notified.
=== Contact us ===
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’ Capacity Fund Enquiry&body=|Centre for Regulatory Innovation]].