Interim Evaluation of the Structured Financing Facility

Audit and Evaluation Branch
Industry Canada
October 15, 2004

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Table of Contents

• Executive Summary
• 1. Introduction
  • 1.1 Purpose
  • 1.2 Policy Context
  • 1.3 Background on the Program
  • 1.4 Workplan
    • 1.4.1 Study Objective
    • 1.4.2 Study Approach
• 2. SFF Program Profile
  • 2.1 Funding
  • 2.2 Components
  • 2.3 Project Approval Process
• 3. State of the Shipbuilding Industry in Canada and Worldwide
  • 3.1 Canada
    • 3.1.1 Shipbuilding Capacity
    • 3.1.2 Canadian Market
    • 3.1.3 Employment
    • 3.1.4 Salaries and Wages
  • 3.2 Worldwide
    • 3.2.1 South Korea
    • 3.2.2 Japan
    • 3.2.3 China
    • 3.2.4 Australia
    • 3.2.5 Europe
    • 3.2.6 United States
  • 3.3 Conclusions
• 4. Rationale and Relevance
  • 4.1 Does the SFF fill a need or gap in the shipbuilding industry?
  • 4.2 Does the SFF program continue to be consistent with IC and government-wide priorities?
  • 4.3 Does the SFF complement, duplicate or overlap other federal government programs?
  • 4.4 Conclusions
• 5. Program Design and Delivery
  • 5.1 Is the SFF program well-designed?
    • 5.1.1 Are the objectives and desired outcomes clearly identified and agreed upon?
    • 5.1.2 How effective are the components?
  • 5.2 Is the SFF program properly delivered?
    • 5.2.1 How well is the program marketed and communicated?
    • 5.2.2 How efficient and effective is the process for approving project proposals?
    • 5.2.3 Is the SFF the most cost-effective means for achieving its objectives?
  • 5.3 Does the SFF program have adequate resources?
  • 5.4 Conclusions
• 6. Progress and Success
  • 6.1 Has the government delivered on its commitment stated in its June 2001 policy?
  • 6.2 Are there any barriers or issues that will impede the progress of the SFF program?
  • 6.3 Is the program effective in meeting its objectives?
  • 6.4 How many jobs have been directly created due to SFF?
  • 6.5 Has the SFF program had any impact on secondary effects?
  • 6.6 Are the three SFF components adequate?
  • 6.7 Conclusions
• 7. Conclusions and Recommendations
  • 7.1 State of Shipbuilding in Canada and Worldwide
  • 7.2 Rationale and Relevance
  • 7.3 Program Design and Delivery
  • 7.4 Program Success

• Management Response or
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