Fisheries and Aquaculture Energy Efficiency Innovation Fund
NS, Canada
Provincial funding for sustainable energy-efficient fisheries practices
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Efficiency Nova Scotia
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grant_card_status|open
grant_single_labels|preview
The Fisheries and Aquaculture Energy Efficiency Innovation Fund offers non-repayable contributions up to $250,000 to support innovative, sustainable, and energy-efficient practices in Nova Scotia's commercial fisheries and aquaculture sectors. The program aims to reduce energy use and climate change impacts through activities like studies, electrification, renewable energy projects, and operational efficiency improvements.
grant_single_labels|projects
The Fisheries and Aquaculture Energy Efficiency Innovation Fund promotes energy efficiency and sustainability by supporting a variety of eligible projects designed for businesses operating in the fisheries and aquaculture sectors in Nova Scotia. The initiatives aim to foster innovative approaches to reduce energy consumption and carbon footprint.
- Conducting feasibility studies to support energy efficiency strategies and future initiatives.
- Electrification of vessels and equipment to replace fossil fuel-based systems.
- Implementation of renewable energy solutions, such as solar or wind power, to supply sustainable energy to operations.
- Enhancing operational efficiency through the adoption of energy-saving technologies and practices.
grant_single|admissibleProjectsExample
$100,000
Launch an eco-friendly packaging line
grant_single_labels|admissibility
Eligibility for this grant requires specific criteria to ensure applicants are suited for participation in the Fisheries and Aquaculture Energy Efficiency Innovation Fund.
- Applicants must be the end user of the proposed project.
- Applicants must have legal capacity to operate in Nova Scotia.
- Applicants must be in good standing with the Fisheries and Aquaculture Loan Board.
grant_eligibility_criteria|who_can_apply
The Fisheries and Aquaculture Energy Efficiency Innovation Fund is open to businesses operating within the commercial fisheries and aquaculture sectors in Nova Scotia. Applicants should demonstrate a commitment to reducing their environmental impact and improving energy efficiency through innovative practices. Businesses must meet specific criteria to qualify for the fund, which includes being the end user of the proposed project, having the legal capacity to operate within Nova Scotia, and maintaining good standing with the Fisheries and Aquaculture Loan Board.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses related to innovative, sustainable, and energy-efficient practices in commercial fisheries and aquaculture.
- Costs associated with conducting studies related to energy efficiency improvements.
- Expenses required for electrification of operations.
- Costs for integrating renewable energy solutions.
- Expenditures related to enhancing operational efficiency.
grant_eligibility_criteria|zone
This grant is available to companies located within Nova Scotia. The eligible locations are defined to promote energy-efficient and sustainable practices in the local fisheries and aquaculture sectors.
- Companies operating in Nova Scotia.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Review Program Details
- Download and read the Fisheries and Aquaculture Energy Efficiency Innovation Fund (FAEEIF) Program Guide to understand the eligibility requirements and application process.
- Check full program terms and conditions to confirm your project's eligibility.
- Step 2: Select a Pathway
- Determine the most appropriate pathway for your project: Study Path, Electrification Path, Renewable Path, or Operational Efficiency Path.
- Download the specific application form for your chosen path.
- Step 3: Prepare Application Documents
- Compile all required documents, including project plans and a business plan if your funding request is above $100K.
- Prepare a detailed budget that shows your project cost and the funding requested.
- Ensure your total funding from all sources does not exceed 80% of the total project cost.
- Step 4: Complete Application Form
- Fill out the application form for your selected pathway, making sure all sections are complete and accurate.
- Review your application thoroughly before submission for completeness and adherence to guidelines.
- Step 5: Submit Application
- Submit your completed application and supporting documents via the provided contact methods or submission portal if available.
- Contact the program administration via phone or email if you have questions or need confirmation of receipt.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Total funding stacking from all third-party sources cannot exceed 80% of the total project cost, the applicant is expected to contribute a minimum of 20%.
- In-kind contributions are not considered with respect to stacking limits and applicant contributions.
- Applications will be competitively reviewed per path by funding dollars requested vs impact as evaluated by the scoring criteria.
- If a study is conducted to support future work related to the Operational Efficiency or Renewable Path, the maximum limit for funding is $100K.
grant_single_labels|contact
1-877-999-6035
Apply to this program
Empowering Fisheries and Aquaculture with Energy Efficiency
The Fisheries and Aquaculture Energy Efficiency Innovation Fund provides significant financial incentives to Nova Scotia businesses seeking to adopt innovative and energy-efficient practices. This non-repayable fund aims to reduce the environmental impact of commercial fisheries and aquaculture through substantial financial contributions covering a majority of project costs.
Detailed Insights into the Fisheries and Aquaculture Energy Efficiency Innovation Fund
In an effort to address climate change and promote sustainable practices within the commercial fisheries and aquaculture sectors, Nova Scotia has introduced the Fisheries and Aquaculture Energy Efficiency Innovation Fund (FAEEIF). This program is particularly geared towards businesses eager to modernize their operations and reduce their carbon footprint. With funding opportunities offering up to $250,000 for eligible projects, and coverage ranging between 50% and 75% of project costs, the fund underscores a clear commitment to environmental sustainability and innovation.
The fund encompasses four distinct participation pathways: Study, Electrification, Renewable, and Operational Efficiency. Each pathway is tailored to meet specific goals, such as conducting studies to support future efficiency undertakings, transitioning to electric systems, incorporating renewable energy sources, or enhancing overall operational efficiency. The Study Path is notable for funding up to 75% of project costs, accessible to a maximum of $250,000, yet requiring a business plan for requests exceeding $100,000. In contrast, pathways focusing on Electrification, Renewables, and Operational Efficiency provide up to 50% funding, with the latter two capping contributions at $100,000.
One of the critical objectives of FAEEIF is to facilitate a transition towards achieving net-zero emissions by 2050. By supporting projects that aim to reduce energy consumption and minimize climate change impacts to at least 53% below 2005 levels by 2030, the fund actively contributes to long-term environmental targets. Eligible applicants are expected to possess legal capacity within Nova Scotia, be in good standing with relevant boards, and must be the direct end users of the projects. Funding applications undergo a competitive evaluation based on the financial requests versus the potential impact, guided by established scoring criteria.
Crucially, the fund's structure allows for comprehensive project development while respecting financial constraints, as total funding from all sources, including third-party contributions, cannot surpass 80% of the entire project cost, requiring applicants to cover at least 20% through non-in-kind contributions. The program thereby encourages beneficiaries to actively engage with and invest in their initiatives, aligning personal and organizational goals with environmental responsibilities.
By promoting innovation and energy efficiency, the FAEEIF not only aids businesses in scaling operations sustainably but also positions Nova Scotia as a leader in environmentally responsible commercial fisheries and aquaculture practices. Participants can look forward to not only financial support but also environmental stewardship that aligns with global sustainability goals.
