Government of Canada and Prince Edward Island fund projects to boost innovation and productivity in the seafood processing sector
Wellington, Prince Edward Island
With the longest coastline in the world, Canada’s coastal communities rely on the fish and seafood industry as an integral contributor to local and regional economies. This is why the Government of Canada and the Province of Prince Edward Island today announced funding support to three regional businesses through the Atlantic Fisheries Fund.
The funding—a total contribution of more than $365,000—will see the implementation of innovative projects and new technologies in the fishing industry.
Acadian Supreme Inc. receives funding for the purchase of new equipment to help improve the effectiveness of lobster processing operations. Acadian Supreme Inc. provides good middle-class jobs to more than 95 people living in Prince Edward Island.
Royal Star Foods receives funding to develop new lobster products. Using an innovative process that will help ensure the quality of lobster is maintained from the time it leaves the fish plant to the consumer plate, Royal Star Foods will be better equipped to satisfy market demand. Royal Star Foods provides good middle-class jobs to more than 100 people living in Prince Edward Island.
Food Island Partnership Inc. will receive project funding to support seafood processors to develop and commercialize value-added seafood products and help them in seeking access to new markets and to enhance their existing markets. Through its work, Food Island Partnership Inc. supports good middle-class jobs in the seafood industry on Prince Edward Island.
Funding these organizations will result in a positive impact on local and regional economies. This investment will help the businesses develop and implement processes that boost the sustainability of their operations. The contribution derives from the $400 million Atlantic Fisheries Fund, jointly funded by the federal and provincial governments, and focuses on increasing opportunities and market value for sustainably sourced, high-quality fish and seafood products from Atlantic Canada.
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 and 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.
“Our government is committed to working with our partners to make Canada’s fish and seafood sector more innovative, productive and sustainable. The world is demanding sustainably sourced, high-quality seafood products and the Atlantic Fisheries Fund will drive innovation in this sector, helping Canada meet these demands. This will boost the economy and increase employment opportunities for middle-class Canadians in small coastal and Indigenous communities.”
The Honourable Jonathan Wilkinson, Minister of Fisheries, Oceans and the Canadian Coast Guard
“Many residents of rural PEI are reliant on the land and sea as a way of life and as a source of income. Seafood processors are responsible for getting local products to markets around the globe, and deriving the value from the resource. These three projects funded by the Atlantic Fisheries Fund will support seafood processors in maximizing returns for seafood products and, in turn, will strengthen the economy and Prince Edward Island’s rural communities.”
Sean Casey, Parliamentary Secretary to the Minister of Fisheries, Oceans and the Canadian Coast Guard and Member of Parliament for Charlottetown
“I’m so pleased to be here today with my colleagues to announce these important investments in three local projects, which will create positive impacts in our communities.”
Bobby Morrissey, Member of Parliament for Egmont
“As a primary industry on Prince Edward Island, our fisheries and seafood sector is recognized globally for its quality which strengthens the economy in our rural communities. Sustainability, innovation and science are vital to market access, and the Province is pleased to see deserving projects on PEI receive funding through the Atlantic Fisheries Fund to meet product demand.”
The Honourable Robert Henderson, Minister of Agriculture and Fisheries, Province of Prince Edward Island
The Atlantic Fisheries Fund will invest over $400 million over seven years to support Canada’s fish and seafood sector.
The federal government will provide 70% of the funding, with 30% coming from the Atlantic provinces.
The seafood sector is PEI’s third largest industry, with an annual economic impact of more than $650 million dollars to the provincial economy and employing close to 8,000 people.
The fund aims to help Canada’s seafood sector transition to meet growing market demands for products that are high quality, value-added, and sustainably sourced.
Press Secretary and the Canadian Coast Guard
Fisheries and Oceans Canada
Office of the Minister of Fisheries, Oceans
- Follow the Department of Fisheries and Oceans Canada on Twitter, Facebook, Instagram and YouTube.
- Follow the Canadian Coast Guard on Twitter, Facebook, Instagram and YouTube.
- Subscribe to receive our news releases and more via RSS feeds. For more information or to subscribe, visit http://www.dfo-mpo.gc.ca/media/rss-eng.htm.
Report a problem or mistake on this page
- Date modified: