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British ColumbiaBC-GOV03Royal Assent

BC-GOV03: Bill 3: Budget Measures Implementation Act (No. 2), 2026

Sponsor: Hon. Brenda BaileyIntroduced February 17, 2026Last checked August 28, 2026
Read the official textOfficial version

What this bill does

This British Columbia bill establishes a $400 million 'BC Strategic Investments' special account that allows the provincial government to provide grants, loans, loan guarantees, and equity investments to eligible recipients for prescribed strategic investment projects in the province.

Plain-language summary by Legisail.

Business impact

Compliance
This bill primarily affects businesses in British Columbia that are involved in strategic economic development projects — likely companies in sectors like technology, clean energy, manufacturing, natural resources, or infrastructure that the province considers strategically important. These businesses could receive government grants, loans, loan guarantees, or equity investments from the new $400 million fund. The eligible recipients and qualifying projects will be defined by Treasury Board regulations, so the specific industries and business sizes affected will depend on those future rules. Businesses that previously received funding under agreements with the Minister of Jobs and Economic Growth dating back to April 2018 may also be brought under this new framework retroactively.

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Where this bill is

First ReadingFebruary 17, 2026
Second ReadingFebruary 26, 2026
CommitteeMarch 5, 2026
Third ReadingMarch 5, 2026
Royal AssentMarch 12, 2026
Now law — awaiting coming into force

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At a glance

Bill number
BC-GOV03
Type
Government
Jurisdiction
British Columbia
Session
43-2
Official record