In the mid-1990s, in response to a cut in its provincial operating grant, the Centre launched a capital campaign (The Creative Edge). Proceeds were used to develop conference and arts facilities, which opened in 1996. The Centre was designated as a National Training Institute by the federal government in 1999, and became home to the Banff International Research Station in 2003. The Centre's name was officially changed to "The Banff Centre" in 2008, and to the "Banff Centre for Arts and Creativity" in 2016.