Generating economic benefits for Canada—National Shipbuilding Strategy: February 2012 to December 2015 status report

In addition to renewing Canada's fleet, the strategy is contributing to the country's economy.

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Benefits across Canada

The economic benefits of the National Shipbuilding Strategy have touched regions and sectors across the country. Between 2012 and 2015, 492 suppliers received $1.3 billion in contracts. Of this amount, $355 million has been awarded to small and medium-sized enterprises, and $21 million to Indigenous suppliers. In terms of economic impact, the strategy’s large vessel component alone will contribute nearly $4.4 billion of gross domestic product and create or maintain up to 5,500 jobs per year between 2012 and 2022footnote 1.

The following map shows the geographic distribution of contracts awarded by the government to the Canadian marine industry.

Total contracts awarded by the government to the Canadian marine industries, February 2012 to December 2015

Geographic distribution of contracts awarded by the government to the Canadian marine industry - Description below
Text version of contracts awarded by the government to the Canadian marine industries, February 2012 to December 2015:

The above image of a map of Canada shows the dollar amounts awarded by region:

There is a footnote on the map image: RRM - Repair, refit, and maintenace projects

The strategy's socio-economic benefits

Two Government of Canada policies—the Industrial and Regional Benefits Policy and the Industrial and Technological Benefits Policy—ensure that Canadian industry benefits from Canada's defence and security purchases.

Under the Industrial and Regional Benefits Policy, Irving Shipbuiding and Seaspan's Vancouver Shipyards, together with major suppliers, must undertake business activities in Canada valued at 100% of the contract awarded by the Government of Canada. These investments involve work performed in Canada by Canadians to build the vessels under contract. They also include high-value investments to support the growth of other sectors of the Canadian economy.

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Learn more about the progress of all policy obligations, including for National Shipbuilding Strategy contracts:

Value Proposition

The strategy's Value Proposition obligates Irving Shipbuilding and Seaspan's Vancouver Shipyards to invest a value equal to 0.5% of strategy contracts to benefit the domestic marine industry over the long term. The investments will contribute to three priority areas—human resources development, technology investment and industrial development—helping to strengthen and grow Canada's greater marine industry.

To date, the shipyards' contracts have generated $15 million in obligations under the strategy's Value Proposition.

The strategy's Value Proposition obligations are incremental to each shipyard's Industrial and Regional Benefits Policy obligations.

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