Aquaculture Capital Equity Program
grant_single|update January 24, 2025
NL, Canada
Newfoundland and Labrador commercial aquaculture funding
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of Newfoundland and Labrador
- Department of Fisheries and Land Resources
grant_single|status
grant_card_status|open
grant_single_labels|preview
This program offers at least $250,000 for finfish operations and $100,000 for shellfish operations to match private sector cash investments.
grant_single_labels|terms_and_conditions
The Aquaculture Capital Equity Program provides foundational monetary support to boost aquaculture projects in Newfoundland and Labrador. The financing modalities are structured to match private sector investments and enhance the region's aquaculture capacity.
- Minimum investment of $250,000 for finfish operations to match private sector cash investments.
- Minimum investment of $100,000 for shellfish operations to match private sector cash investments.
grant_single_labels|projects
The Aquaculture Capital Equity Program specifically targets projects that aim to enhance aquaculture productivity in Newfoundland and Labrador. Eligible activities are geared towards increasing production capacity at hatcheries and marine sites through significant capital investment.
- Expansion of finfish hatchery operations.
- Development or modernization of marine aquaculture sites for finfish.
- Enhancement of shellfish cultivation operations.
- Acquisition of advanced aquaculture technology and equipment.
- Implementation of sustainable aquaculture practices to boost output.
grant_single|admissibleProjectsExample
$ 250,000
Launching of a shellfish farming initiative, Newfoundland and Labrador
$ 250,000
Establishment of a large-scale finfish farming operation in St John's, Newfoundland and Labrador
$ 250,000
Expansion of a shellfish aquaculture farm, Newfoundland and Labrador
$ 250,000
Launching a finfish farming and processing plant, Newfoundland and Labrador
$ 250,000
Establishment of an automated finfish processing facility, Newfoundland and Labrador
$ 250,000
Development of a sustainable shellfish aquaculture site, Newfoundland and Labrador
grant_single_labels|admissibility
Eligibility for this grant requires companies to meet specific criteria demonstrating their business plan's soundness and operational capacity.
- The company must demonstrate strength in their business plan, covering technical, marketing, and management capabilities.
- The company must be financially sound and capable of matching the investment with private sector cash investment.
- The company must be involved in aquaculture operations within Newfoundland and Labrador, focusing on either finfish or shellfish production.
grant_eligibility_criteria|who_can_apply
The Aquaculture Capital Equity Program is available to companies operating in the aquaculture sector in Newfoundland and Labrador. This includes businesses involved in farming Atlantic salmon, Steelhead trout, Atlantic cod, and blue mussels. Eligible companies must demonstrate strength in all aspects of their business plan, including technical proficiency, marketing capability, and management expertise.
grant_eligibility_criteria|who_cannot_apply
Based on the information provided in the grant context, there are no specific types of companies mentioned that are not eligible for the Aquaculture Capital Equity Program.
grant_eligibility_criteria|eligible_expenses
The grant program is designed to support the expansion and intensification of aquaculture activities in Newfoundland and Labrador. It focuses on increasing production capabilities and infrastructure development for finfish and shellfish operations.
- Expansion and development of hatchery production systems for finfish.
- Enhancement of marine site infrastructure for finfish and shellfish aquaculture.
- Investment in new and existing aquaculture technologies to improve operational efficiency.
- Initiatives to increase production capacity and output in aquaculture ventures.
grant_eligibility_criteria|zone
This grant is intended for businesses operating within the Newfoundland and Labrador province. The eligible locations are designed to support the regional aquaculture industry.
- Companies located in Newfoundland and Labrador, Canada.
grant_single_labels|criteria
The evaluation and selection of projects for the Aquaculture Capital Equity Program are based on the strength of the business plan across technical, marketing, and management capabilities, although specific point scores are not provided.
- Technical soundness and feasibility of the business plan.
- Marketing strategies and plans for product distribution.
- Management capability and track record of the company.
- Financial soundness and adequacy of capital structure.
grant_single_labels|apply
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grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The minimum investment requirement is $250,000 for finfish operations and $100,000 for shellfish, with a matching private sector investment.
- Prospective applicants should contact the Director of Aquaculture Development for guidance and support.
- The program not only encourages financial soundness but also emphasizes technical and management capability proofs in business plans.
- The use of Adobe® Acrobat® Reader software is recommended for accessing program documents such as the brochure and policy manual.
grant_single_labels|contact
709.292.4111
Apply to this program
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