$40.5-million fund established for territorial businesses to strengthen Arctic defence – Prince Albert Daily Herald
December 16, 2025
The federal government’s Regional Defence Investment Initiative has a designated Arctic allotment of $40.5 million that is aimed at small- and medium-sized businesses in Nunavut, the Northwest Territories and Yukon, according to a Dec. 5 press release.
The funding is available for three years and is intended to improve military modernization and, to a lesser extent, strategic infrastructure for the Canadian Armed Forces.
Selected territorial businesses and non-profits will get the money to connect with military equipment producers and manufacturers.
