How much funding can be received?

Funds up to 95% of admissible expenses.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Aquaculture Loans and Loan Guarantees?

Aquaculture Loans and Loan Guarantees is funded by Government of New Brunswick, Aquaculture and Fisheries (NB), Department of Agriculture

What are Aquaculture Loans and Loan Guarantees's eligibility criterias?

The applicant must be engaged in aquaculture activities within New Brunswick. The financing must be used for the purchase of a vessel, engine, or equipment, or for major repairs.

Aquaculture Loans and Loan Guarantees

grant_single|update January 24, 2025

NB, Canada

Financing for aquaculture activities in New Brunswick

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grant_single_labels|terms_and_conditions

grant_single_labels|projects

grant_single_labels|admissibility

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grant_single_labels|summary

grant_single|eligibleFinancing

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grant_single|deadlines

grant_single|openingDate July 9, 2024

grant_single|financingType

Loans and Capital investments

grant_single|eligibleIndustries

Agriculture, forestry, fishing and hunting

grant_single|grantors

Government of New Brunswick
Aquaculture and Fisheries (NB)
Department of Agriculture

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grant_card_status|open

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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|terms_and_conditions

This grant offers loans and loan guarantees specifically for enhancing aquaculture operations by financing significant equipment and repair costs.

Loans or loan guarantees available to cover up to 95% of costs for purchasing a new or used vessel.
Loan or loan guarantee support extends to engine or equipment purchases related to aquaculture operations.
Financial assistance includes major repairs to the hull or engine of a vessel used in aquaculture.

grant_single_labels|projects

This financial assistance is available for aquaculture operators looking to upgrade their operational capabilities and maintain competitiveness in New Brunswick. Eligible activities include purchasing and repairing essential equipment and vessels.

Purchase of a new or used vessel for aquaculture operations.
Acquisition of engines pertinent to aquaculture activities.
Procurement of equipment related to aquaculture processes.
Major repairs to the hull of a vessel used in aquaculture.
Essential repairs to the engine of a vessel.

grant_single|admissibleProjectsExample

$ 14,250

Major hull repairs on a seaweed cultivation vessel

$ 9,500

Conducting major repairs on the engine of a clam harvesting boat

$ 28,500

Refitting an aquaculture vessel with a new eco-friendly engine

$ 47,500

Purchase of a new aquaculture vessel for expanding salmon farming operations

$ 11,400

Purchase of advanced aquaculture monitoring equipment for a trout farming operation

$ 19,000

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

grant_single_labels|admissibility

Eligibility for aquaculture loans and loan guarantees in New Brunswick requires compliance with the following criteria:

The applicant must be engaged in aquaculture activities.
The financing must be used for the purchase of a new or used vessel, engine or equipment related to aquaculture, or for major repairs to the hull or engine of a vessel.
The applicant must be able to cover at least 5% of the costs, as the loan or loan guarantee covers up to 95%.
The applicant must comply with any additional requirements set by the New Brunswick government specific to aquaculture financing.

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

This grant is designed to facilitate the growth and development of the aquaculture industry in New Brunswick by providing financial support for essential equipment and repair needs. It focuses on supporting activities that enhance the operational capabilities of aquaculture enterprises.

Purchase of new or used vessels for aquaculture activities.
Acquisition of engines specifically intended for aquaculture use.
Procurement of aquaculture-related equipment to improve operational efficiency.
Major repairs to the hull of vessels used in aquaculture.
Major repairs to the engine of aquaculture-related vessels.

grant_eligibility_criteria|zone

This grant is available to companies located specifically in the province of New Brunswick. The funding is targeted to support aquaculture activities within this region.

Companies operating in New Brunswick, Canada.

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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.