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.

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

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