grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJuly 09, 2024
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Agriculture, forestry, fishing and hunting
grant_single|grantors
  • Government of New Brunswick
  • Department of Agriculture
  • Aquaculture and Fisheries (NB)
grant_single|status
grant_card_status|open

grant_single_labels|preview

Get a loan or loan guarantee to cover up to 95% of the costs of purchasing a new or used vessel, an engine or equipment related to aquaculture, or to make major repairs to the hull or engine of a vessel.

grant_single_labels|projects

Yes, there are specific projects and activities eligible for this grant.
  • Purchasing a new or used vessel
  • Purchasing an engine
  • Purchasing equipment related to aquaculture
  • Making major repairs to the hull of a vessel
  • Making major repairs to the engine of a vessel
grant_single|admissibleProjectsExample

$14,250

St. John's
Major hull repairs on a seaweed cultivation vessel

$9,500

Victoria
Conducting major repairs on the engine of a clam harvesting boat

$28,500

Nanaimo
Refitting an aquaculture vessel with a new eco-friendly engine

$47,500

Halifax
Purchase of a new aquaculture vessel for expanding salmon farming operations

$11,400

Kelowna
Purchase of advanced aquaculture monitoring equipment for a trout farming operation

$19,000

Charlottetown
Acquisition of a second-hand engine for a mussel farming boat

grant_single_labels|admissibility

Eligible applicants can receive financial support for up to 95% of costs associated with new or used vessel purchases, engines, equipment related to aquaculture, or major repairs to the hull or engine of a vessel in New Brunswick.
  • Must be engaged in aquaculture activities
  • Located in New Brunswick
  • Costs must be related to purchasing a new or used vessel, an engine, or aquaculture equipment
  • Funding can also be used for major repairs to the hull or engine of a vessel

grant_eligibility_criteria|who_can_apply

Yes, there are eligible types of companies for this grant. Specifically, the grant supports aquaculture activities within New Brunswick, providing financing for various operational needs related to vessels and aquaculture equipment.
  • Aquaculture businesses
  • Companies purchasing new or used vessels for aquaculture
  • Companies needing new engines or equipment for aquaculture activities
  • Businesses requiring major repairs to the hull or engine of their vessels

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include up to 95% of the costs of purchasing or repairing specific items related to aquaculture activities.
  • New or used vessel
  • Engine
  • Equipment related to aquaculture
  • Major repairs to the hull of a vessel
  • Major repairs to the engine of a vessel

grant_eligibility_criteria|zone

The eligible geographic zones for this grant are:
  • New Brunswick

grant_single_labels|register

  • Step 1: Identify Eligibility Criteria
  • Review the specific eligibility criteria for the aquaculture loan or loan guarantee.
  • Ensure that your project and expenses align with the program requirements.
  • Step 2: Prepare Necessary Documentation
  • Gather all required documents such as business plans, financial statements, and cost estimates for the new or used vessel, engine, or equipment related to aquaculture.
  • Prepare documents that detail the major repairs if applying for repair funding.
  • Step 3: Submit an Application
  • Complete the application form provided by the relevant New Brunswick authority.
  • Attach all required documents and ensure the application is accurately filled out.
  • Submit the application by the specified deadline.
  • Step 4: Await Review and Approval
  • Wait for the application to be reviewed by the granting authority.
  • Be prepared to provide additional information if requested.
  • Step 5: Receive Funding and Implement Project
  • Upon approval, receive the loan or loan guarantee to cover up to 95% of the project costs.
  • Begin the purchase or repair project as outlined in the application.
  • Step 6: Reporting and Compliance
  • Maintain accurate records of expenditures and project progress.
  • Submit any required reports or updates to the granting authority as per the compliance guidelines.

grant_single_labels|otherInfo

This grant supports aquaculture activities in New Brunswick by providing loans and loan guarantees.
  • Covers up to 95% of costs for purchasing a new or used vessel, an engine, aquaculture-related equipment, or major repairs to the hull or engine of a vessel.
Apply to this program