Shippagan, New Brunswick - Fisheries are vital to many coastal communities and a driving force of the economy in Atlantic Canada. The seafood sector is a rapidly changing environment, with new and innovative technologies being adopted to improve efficiency, seafood quality, and sustainability.
To support these new projects within local communities, today, the Government of Canada and the Province of New Brunswick announced funding for nine projects totalling $13,350,111 through the Atlantic Fisheries Fund (AFF) that will strengthen the fisheries of New Brunswick for years to come.
The breakdown of this funding is as follows:
- $3,484,815 for the Fédération régionale acadienne des pêcheurs professionnels Inc.
- $879,936 for True North Salmon Limited Partnership et Cooke Aquaculture Inc.
- $3,000,000 for Benson Lobster Co Ltd
- $1,417,500 for Kelly Cove Salmon Ltd et Cooke Aquaculture Inc.
- $1,830,000 for Island Fishermen's Co-operative Association Ltd
- $1,053,000 for North Taste Flavorings Inc.
- $547,584 for Pêcheries Bas-Caraquet Fisheries Inc.
- $681,192 for Ichiboshi L.P.C Ltd
- $456,084 for Clover Leaf Seafoods Corp.
McGraw Seafoods Ltd. has also received funding support from AFF that will be made public at a future date.
The contribution is from the $400-million AFF, funded by the federal and provincial governments. The AFF focuses on increasing opportunities and market value for sustainably sourced, high-quality fish and seafood products from Atlantic Canada. Introduced in 2017, the AFF will continue to invest in projects until March 31, 2026, at which time all projects receiving funding must be completed. The commercial fisheries and aquaculture industry, Indigenous groups, universities and academia, and industry associations and organizations, including research institutions, may apply for funding.
