Governments of Canada and Newfoundland and Labrador strengthen province’s tourism industry

News release

Over $2.7 million invested in tourism businesses and organizations along Great Northern Peninsula and West Coast

August 14, 2023 · Rocky Harbour, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)

Newfoundland and Labrador’s tourism attractions, experiences and amenities continue to show tremendous growth potential, creating jobs, strengthening communities and welcoming visitors from around the world. The Great Northern Peninsula and West Coast of Newfoundland are home to some of the most stunning vistas and unique attractions in the province. The governments of Canada and Newfoundland and Labrador are investing in communities within these regions to help them realize their tourism potential, create new opportunities and advance the industry.

Investments support private sector and community-based tourism operations

Today, the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA) announced total investments of $2,196,768 from the Government of Canada for seven tourism-related projects in the region. The Honourable Dr. Andrew Furey, Premier of Newfoundland and Labrador announced provincial investments totalling $547,795.

These investments will help upgrade accommodations, host events and festivals, market the region, and develop new world-class attractions.

For the full list of projects, please see the backgrounder.

Atlantic Canada’s economy is bustling, with the Public Policy Forum publishing a report confirming that the region is poised for exponential growth. The Government of Canada is committed to helping the tourism sector reach its full potential and supporting sustainable economic growth in rural areas. 


“Atlantic Canada’s tourism sector is not just a key contributor to the Canadian economy – it is a driving force for many small communities. Our region’s unrivaled beauty and warm hospitality play an important role in creating community pride and shaping the experiences of residents and visitors. Today’s investments will help strengthen our tourism industry and create new opportunities for our communities.”

-   The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA


“Newfoundland and Labrador is a world-class tourism destination, attracting thousands of visitors from around the world each and every year. Part of our appeal is the rugged beauty of the Great Northern Peninsula and the West Coast, areas known for their deep historical significance and outdoor adventures. Our government is proud to support the strengthening of the region’s cultural offerings and growing tourism industry. Through continued dedication and partnership with the groups and organizations being recognized here today, we will ensure that we are offering visitors the best possible experiences, while also supporting and building our rural economy.”

-The Honourable Dr. Andrew Furey, Premier of Newfoundland and Labrador

Quick facts

  • ACOA’s investments were delivered through the following four programs:

    • The Tourism Relief Fund (TRF), launched in July 2021 and ended on March 31, 2022, was a $500-million national program to support the tourism sector in Canada, including $485 million for regional priorities administered by Canada’s regional development agencies.
    • The Innovative Communities Fund (ICF) helps communities to find opportunities for growth, leading to long-term employment and a stronger local economy.
    • The Regional Economic Growth through Innovation (REGI) program supports projects that promote sustainable community economic development, enhance business development and growth, and facilitate innovation.
    • The Business Development Program (BDP) helps entrepreneurs launch, modernize and grow their business in Atlantic Canada.

Associated links


Hugo Alvarez

Press Secretary

Office of the Minister of Rural Economic Development

Paul McGrath

Director of Communications

Atlantic Canada Opportunities Agency


Meghan McCabe

Office of the Premier

Government of Newfoundland and Labrador


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