
Aquaculture Capital Equity Program
- Open continuously
Overview
This program offers at least $250,000 for finfish operations and $100,000 for shellfish operations to match private sector cash investments.
At a glance
Funding available
- Develop strategic partnerships
- Optimize production processes
- Maximum amount : 250,000 $
- Minimum amount : 250,000 $
- Up to 20% of project cost
- Open continuously
Eligible candidates
- Agriculture, forestry, fishing and hunting
- Newfoundland and Labrador
- For-profit business
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
Next steps
Activities funded
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.
Eligibility
Who is eligible?
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.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.
Eligible geographic areas
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.
Additional information
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.
Contacts
Frequently Asked Questions about the Aquaculture Capital Equity Program Program
What is the Aquaculture Capital Equity Program?
How much funding can be received?
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Is the Aquaculture Capital Equity Program a grant, loan, or tax credit?
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