Governments of Canada and Nova Scotia fund fish and seafood projects to advance a more sustainable and prosperous sector
BackgrounderFisheries and Oceans Canada and the Province of Nova Scotia are pleased to announce funding of $572,995 to support nine enterprises in the Nova Scotia fish and seafood sector. The Government of Canada is also contributing an additional $195,000 repayable contribution through the Atlantic Canada Opportunities Agency’s (ACOA) Business Development Program to one of these enterprises, IMO Foods Limited. The funding will allow companies to adopt new technology and equipment that will improve effectiveness, quality and sustainability in this important sector.
|Recipient/Location||AFF funding||Total project funding||Project description|
|Kaylie Dawn Fisheries Limited||$19,064||$23,830||Purchase of greenstick trolling equipment.|
|Falls Point Fisheries Limited||$19,064||$23,830||Purchase of greenstick trolling equipment.|
|Cruco Fisheries Limited||$19,064||$23,830||Purchase of greenstick trolling equipment.|
|Timothy Neal Fisheries Limited||$19,064||$23,830||Purchase of greenstick trolling equipment.|
|S & W Deep Sea Ventures Limited||$19,064||$23,830||Purchase of greenstick trolling equipment.|
|Reyno Fisheries Ltd.||$19,064||$23,830||Purchase of greenstick trolling equipment.|
|Coldwater Lobster Association||$261,207||$326,509||Pilot to test rope-less fishing gear.|
|Eel Lake Oyster Farm Ltd.||$99,904||$123,755||Install an Oystek oyster grading system complete with elevator, separator and solar panels for producing power to run the grader for an oyster aquaculture site in Salt Bay.|
|IMO Foods limited||$97,500
(+$195,000 through ACOA)
|$390,000||Upgrade seafood canning operations by acquiring and installing a Steriflow Thermal processing system to improve productivity and efficiency, as well as reduce energy consumption.|
The Atlantic Fisheries Fund will continue to invest in projects over the seven-year life of the program. The commercial fisheries and aquaculture industry, Indigenous groups, universities and academia as well as industry associations and organizations, including research institutions, may apply.
Eligible projects must focus on:
- Innovation – to support research and development of new innovations that contribute to sustainability of the fish and seafood sector, and to create partnerships and networks that aim to promote and encourage innovations in the sector;
- Infrastructure – to adopt or adapt new technologies, processes, or equipment to improve the effectiveness and sustainability of the fish and seafood sector;
- Science Partnerships – fisheries and aquaculture industry based partnerships with academia and institutions to enhance knowledge and understanding of the impacts of changing oceanographic conditions and sustainable harvesting technology.
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