Business Development Bank boosts funds available to defence-sector entrepreneurs

The Canadian Press: BDC says uptake for its defence platform has been strong, with $91.7 million in financing already provided to 16 businesses.

So the funds available are being pumped up to $6 billion.

BDC chief executive Isabelle Hudon said in a recent interview that the agency has historically taken a “shy position” toward defence. Up until a few months ago, it only had about $400 million worth of exposure to the sector, she said.

“We decided that we would go bold and we would embrace this challenge and we would meet the moment.”…

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