November 9, 2020
Today, the Prime Minister announced the launch of the $1.75B Universal Broadband Fund (UBF), which will help connect 98% of Canadian households to high-speed internet by 2026. Even before the COVID-19 crisis began, our Government recognized that fast, reliable and affordable high-speed internet is a necessity, not a luxury, for all Canadians, including those living in rural and remote communities. We know that Canada’s economic recovery depends on connectivity in every household across the country as families need it for work, education, access health services and remain connected with loved ones. That’s why the newly launched UBF will comprise of the following streams to help all Canadians get connected:
- $150M Rapid Response Stream: This supports smaller projects that can be implemented quickly with the help of a streamlined application process. Applications are being assessed through a rolling intake process – final deadline for this stream will be on January 15, 2021.
- $750M Large, High-Impact Projects: This stream will fund transformative projects in size and scope which support a business case that can involve the Canada Infrastructure Bank. In conjunction with low-cost loans through the CIB, this stream will provide grants to further support the business case of a strong project. Application deadline for this stream is February 15, 2021.
- $50M Mobile Projects: This stream targets mobile network projects that primarily benefit Indigenous communities, including the deployment of mobile coverage within an Indigenous community or on roads that lead to Indigenous communities. Application deadline for this stream is February 15, 2021.
- Core Universal Broadband Fund: The remaining UBF projects will support any project, including backbone and last-mile, which connect Canadian households to minimum speeds of 50/10mbps.