Global Trade Alert
Global Trade Alert

Canada: Federal and British Columbia governments investing CAD 300 million in AbCellera

Announcement

24 May 2023

In May 2023, the federal government of Canada and the government of British Columbia announced CAD 300 million (USD 220.58 million) in funding for AbCellera's biomanufacturing project. 

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 May 2023

Revocation date:

No revocation date

Updated: 24 May 2023
State aid, unspecified In force
On 24 May 2023, the government of the province of British Columbia announced an investment of CAD 75 million (USD 55.14 million) in AbCellera's preclinical antibody development facility in Vancouver. ...
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Updated: 24 May 2023
State loan In force
On 24 May 2023, the government of Canada announced an investment of CAD 225 million (USD 165.43 million) in AbCellera's preclinical antibody development facility in Vancouver. The investment is made i...
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