Atlantic Fisheries Fund

The Atlantic Fisheries Fund is a contribution program funded jointly by the federal, provincial and territorial governments. It will invest over $400 million over 7 years to support Canada’s fish and seafood sector.

The fund aims to help Canada’s seafood sector transition to meet growing market demands for products that are:

• high quality
• value added
• sustainably sourced

The federal government will provide 70% of the funding, and 30% will come from participating provinces and territories.

The national component of the fund is called the Canadian Fish and Seafood Opportunities Fund, and has a separate application process.

Atlantic component

The Atlantic component focuses on 3 areas, which are:

1. innovation
   • this will encourage the development of new products and technologies in the harvesting, aquaculture and processing sectors
2. infrastructure
   • this will encourage the use of new technologies or processes to improve sustainability
3. science partnerships
   • this will form industry-based collaborations with academia and other research institutions to improve our knowledge and understanding

Funding is available for projects that meet the eligibility and assessment criteria in:

• Nova Scotia
• New Brunswick
• Prince Edward Island
• Newfoundland and Labrador

Collaboration

To help us identify and promote projects of mutual interest, we will work with provincial and territorial governments to engage:

• Indigenous groups
• non-governmental organizations
• industry and industry associations
• scientific and academic communities

Related links

• Latest news on the Atlantic Fisheries Fund
• Atlantic Growth Strategy