Federal Government to Fund Ontario Aerospace Cluster at Downsview ParkJuly 22, 2015
Toronto (Ontario) – The Honourable Joe Oliver, Minister of Finance, announced today that the government will provide funding of up to $18.4 million to Centennial College’s Downsview Park Aerospace Campus as part of the first phase of developing an aerospace cluster at Downsview.
The funding will go towards the renovation of the historic De Havilland building at Downsview and will include the construction of new laboratories, teaching facilities and office space for research and development in the aerospace sector. Future stages of the development of the Downsview cluster include the relocation of the University of Toronto Institute for Aerospace Studies (UTIAS) and the creation of an Innovation Centre focused on R&D collaboration between industry and the research community.
“The Canadian aerospace industry is highly innovative and collaborative. Clusters such as Downsview allow aerospace companies and the academic community to work together on research, training, and technology development – all of which are essential to the ongoing success of our industry,” said Jim Quick, President and CEO of the Aerospace Industries Association of Canada.
“The government’s support for Centennial College’s aerospace campus is an important step in the development of the Downsview cluster. Today’s announcement will foster continued aerospace innovation as well as the creation of highly skilled, well-paying jobs that make aerospace an important contributor to Canada’s economy,” added Quick. “We commend the government’s support for the Canadian aerospace industry and remain committed to working closely with them to ensure our future growth and competitiveness.”
Government of Canada News Release
AIAC is the national association representing Canada’s aerospace manufacturing and services sector. As the world’s fifth-largest aerospace industry, Canada’s aerospace sector contributes over $29B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 180,000 Canadians.
Director of Communications
Aerospace Industries Association of Canada
613 232-4297 x225