Regional Economic Development Agencies
How Regional Economic Development Agencies spent its budget in fiscal year 2023-24, shown as net expenditures by standard object from Public Accounts Volume II.
Regional Economic Development Agencies groups the federal regional development agencies, which deliver support for business growth, innovation, and community economic development in their respective regions of the country. For this year the grouping comprises the Atlantic Canada Opportunities Agency, the Economic Development Agency of Canada for the Regions of Quebec, Western Economic Diversification, the Pacific Economic Development Agency of Canada, the Canadian Northern Economic Development Agency, and the Federal Economic Development Agency for Southern Ontario.
In the 2023–24 fiscal year, the agencies grouped here spent $2.16B, or 0.4% of total federal spending. This page combines the agencies wherever the Public Accounts reported them that year, whether as standalone ministries or inside a host portfolio.
The Quebec agency accounted for the largest share of spending, followed by the Atlantic, Southern Ontario, and western agencies. The largest transfer payments were contributions under the Regional Economic Growth through Innovation program in each region and the Quebec Economic Development Program. FedNor, the northern Ontario initiative, is delivered inside the Department of Industry and is not included here; the Public Accounts do not report it separately.
Department Spending
In FY 2023-24,
$2.16B
was spent by Regional Economic Development Agencies
In FY 2023-24,
0.4%
of federal spending was by Regional Economic Development Agencies
On the consolidated accrual basis (Volume I), this portfolio’s expenses were $1.16B in FY 2023-24 — see the overview and methodology.
How did Regional Economic Development Agencies spend its budget in 2023-24?
Spending by entity, FY 2023-24
Economic Development Agency of Canada for the Regions of Quebec
Atlantic Canada Opportunities Agency
Federal Economic Development Agency for Southern Ontario
Department of Western Economic Diversification
Pacific Economic Development Agency of Canada
Canadian Northern Economic Development Agency
$563.2M
$478.4M
$462M
$377.6M
$190.7M
$87.4M
Regional Economic Development Agencies’s share of federal spending
Percentage of federal spending, 2014–2025
Line items
Every transfer-payment (grant and contribution) program, in dollars. These are the named programs behind the transfer-payments object in the chart above. Search, sort, and download the full table.
| Category | Description | Amount ▼ |
|---|---|---|
| Contributions | Contributions under the Regional Economic Growth through Innovation program | $311,132,101 |
| Contributions | Contributions under the Regional Economic Growth through Innovation program | $289,072,346 |
| Contributions | Contributions under the Regional Economic Growth through Innovation program | $228,956,787 |
| Contributions | Contributions under the Quebec Economic Development Program | $183,727,582 |
| Contributions | Contributions under the Regional Economic Growth through Innovation program | $168,836,341 |
| Contributions | Contributions for the Western Diversification Program | $138,016,711 |
| Contributions | Contributions under the Regional Economic Growth through Innovation program | $107,486,093 |
| Contributions | Contributions for Southern Ontario Prosperity Program | $91,232,967 |
| Contributions | Contributions under the Business Development Program | $80,275,096 |
| Contributions | Contributions for the Innovative Communities Fund | $67,742,556 |
| Contributions | Contributions for promoting regional development in Canada's three territories | $36,474,640 |
| Contributions | Contributions for the Western Diversification Program | $34,331,144 |
| Contributions | Contributions under the Community Futures Program | $34,263,288 |
| Contributions | Contributions for the Community Futures Program | $17,667,868 |
| Contributions | Contributions under the Community Futures program | $14,097,000 |
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Regional Economic Development Agencies figures are net expenditures by standard object from Public Accounts Volume II, and will not match the Volume I consolidated headline totals. See the methodology for details.
