Canada’s $400 mil­lion fund for seafood

Fish Farmer - - News World -

THE Cana­dian gov­ern­ment has opened up a $400 mil­lion fund to help the coun­try’s seafood in­dus­try mod­ernise and ex­pand.

Ti­tled the At­lantic Fish­eries Fund, it is ac­cept­ing pro­pos­als from both the aqua­cul­ture and fish­ing sec­tors.

The fund is be­ing ad­min­is­tered by Fish­eries and Oceans Canada and its pro­vin­cial part­ners in At­lantic Canada.

The gov­ern­ment said the fund will fo­cus on grow­ing op­por­tu­ni­ties and in­creas­ing mar­ket value for sus­tain­ably sourced, high qual­ity fish and seafood prod­ucts from At­lantic Canada, an area which in­cludes New­found­land, Labrador, Nova Sco­tia, Prince Ed­ward Is­land and New Brunswick.

‘Canada’s fish and seafood sec­tor is an in­te­gral part of the eco­nomic and so­cial fab­ric of many coastal com­mu­ni­ties across the coun­try,’ a gov­ern­ment state­ment said.

‘That is why the gov­ern­ment of Canada and our pro­vin­cial and ter­ri­to­rial gov­ern­ments are col­lab­o­rat­ing to mod­ernise the sec­tor.

‘In­no­va­tion in this sec­tor, which is in­te­gral to the Cana­dian econ­omy, means more job op­por­tu­ni­ties for hun­dreds of small coastal and indige­nous com­mu­ni­ties in At­lantic Canada, and across the coun­try.

‘In­vest­ments flow­ing from the fund will po­si­tion the fish and seafood sec­tor in At­lantic Canada for long-term sus­tain­able growth and will sup­port con­tin­ued in­dus­try ef­forts to pro­vide con­sumers with high qual­ity, sus­tain­ably sourced, Cana­dian fish and seafood prod­ucts.’

To be el­i­gi­ble for the fund, projects must fo­cus on re­search and de­vel­op­ment, in­no­va­tions, sus­tain­abil­ity and science part­ner­ships in aqua­cul­ture and fish­eries.

The gov­ern­ment said that it will en­gage with a broad range of po­ten­tial par­tic­i­pants over the com­ing months to help iden­tify op­por­tu­ni­ties and its in­vest­ment pri­or­i­ties.

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