ANNOUNCEMENT 23 Jul 2015

In July 2015, the government of Canada announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Jul 2015 | Removal date: open ended
Still in force

State loan

On July 23, 2015 Brad Butt, Member of Parliament for Mississauga-Streetsville, Ontario announced a support package for Therapure Biopharma.
 
The government is providing a $20 million repayable contribution, under the Advanced Manufacturing Fund initiative, to accelerate the design, development and commercialization of Therapure's PlasmaCap Expanded Bed Absorption technology. The process yields protein from blood.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED SECTORS