What's next

Short-term (2025-26)

• 18 initial Major Projects prioritized
• North Coast Transmission Line Legislation
• Partnering with federal government on defence priorities
• Growing the innovation economy
• BC Hydro Call for Power 2024 projects in permitting and early work stages
• Successfully concluding the Canadian Mutual Recognition Agreement for non-food goods

 

Medium-term (2026-30)

• BC Hydro Call for Power 2025 projects announced 
• BC Hydro Call for Power 2024 projects operationalized
• Announcement of BC Hydro’s competitive process for AI and data centres to access electricity
• Developing Sector Action Plans — AI and quantum computing, life sciences, maritime, aerospace, transportation and logistics, and construction innovation
• Training and upskilling people to build a strong economy
• New/expanded trade partnerships
• Early and mid-term final investment decisions for key sectors identified in this strategy
• Ongoing focus and prioritization on major projects
• A more ambitious Canadian Mutual Recognition Agreement to include food and services

 

Long-term (by 2035)

• Successful implementation of the short- and medium-term actions 
• Final investment decisions for key sectors identified in this strategy
• Securing $200 billion in major project investment and meeting all permitting timelines
• Securing 35% of federal defence vessel contracts
• Boosting life sciences economic impact by 75% and doubling employment to 40,000
• Growing economic value of tech sectors by 75% and doubling employment to 400,000
• Expanding manufacturing and maintenance, repair and overhaul sub-sectors
• Tripling the amount of B.C. wood used in construction
• Doubling throughput and exports to non-U.S. markets
• Growing agriculture and food exports by 25%, and expanding non-U.S. market exports by 25%
• B.C. as Canada’s economic engine

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