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Fishing Licence Loan Program - Nova Scotia - Canada
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Fishing Licence Loan Program

Loan to purchase fishing licence and gear in Nova Scotia
Government of Nova Scotia
Department of Fisheries and Aquaculture (NS)
Last Update: March 4, 2026
Funding available
No Condition
Timeline
  • Closing date : May 21, 2024
Location
Nova Scotia, Canada

Overview

Loan (maximum 20-year term) to cover the cost of a licence or a licence and associated gear to help businesses enter or re-enter the industry, or to diversify into new species.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • No objectives are currently available
Eligible Funding
  • No Condition
Timeline
  • Closing date : May 21, 2024

Eligible candidates

Eligible Industries
  • Agriculture, forestry, fishing and hunting
Location
  • Nova Scotia
Legal structures
  • For-profit business
  • Sole proprietorship
Annual revenue
  • $ 100,000 maximum revenue
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

The Fishing Licence Loan Program aims to support the growth and diversification of the fishing industry in Nova Scotia. Businesses can utilize this loan to acquire necessary licences and equipment to establish or expand their operations.

  • Purchase of fishing licences to enable entry or re-entry into the commercial fishing industry.
  • Acquisition of fishing gear associated with new or existing licences.
  • Diversification into new fishery species through the purchase of required licences and gear.

Eligibility

Who is eligible?

This program is designed to assist individuals or businesses in Nova Scotia seeking to purchase a fishing license and associated equipment to either enter or re-enter the fishing industry, or to diversify into new species. Qualified applicants are those who demonstrate intent and capacity for sustainable fishing production and support for local economic development in the region.
  • Individuals or businesses residing in Nova Scotia.
  • Applicants with a demonstrated need for financial assistance to purchase a fishing license.
  • Those intending to enter or re-enter the fishing industry.
  • Entities looking to diversify into new fishing species.
  • Proof of business plan outlining sustainable fishing practices.
  • Positive impact on local economic development and job creation.

Eligible expenses

This loan program supports activities related to acquiring essential resources to facilitate the entry or diversification within the fishing industry in Nova Scotia. It is aimed at helping businesses secure necessary licences and equipment for sustainable growth.

  • Acquisition of fishing licences to gain industry access or expand operations.
  • Purchase of fishing gear required for various fishing activities.
  • Investment in equipment to diversify into fishing of new species.

Eligible geographic areas

This program provides loans for businesses in Nova Scotia to purchase fishing licences and gear. The eligible geographical area is specific to this region, focusing on enhancing local industry participation.

  • Businesses located in Nova Scotia, Canada.

Additional information

The loan program is designed to support businesses in the fishing industry in Nova Scotia by financing the purchase of a fishing licence and gear. This initiative aims to facilitate market entry or re-entry and promote diversification into new species.

  • Maximum loan term: 20 years
  • Available to businesses looking to enter or re-enter the fishing industry
  • Also available for businesses aiming to diversify into new species

Frequently Asked Questions about the Fishing Licence Loan Program Program

Here are answers to the most common questions about the Fishing Licence Loan Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.

What is the Fishing Licence Loan Program?

Loan (maximum 20-year term) to cover the cost of a licence or a licence and associated gear to help businesses enter or re-enter the industry, or to diversify into new species.

Who is eligible for the Fishing Licence Loan Program program?

To be eligible for the Fishing Licence Loan Program program, you must: The applicant must be a business operating or intending to operate in Nova Scotia's fishing industry. The loan must be used for purchasing a fishing licence or associated gear. The business should aim to enter, re-enter the industry, or diversify into new species.

What expenses are eligible under Fishing Licence Loan Program?

The Fishing Licence Loan Program aims to support the growth and diversification of the fishing industry in Nova Scotia. Businesses can utilize this loan to acquire necessary licences and equipment to establish or expand their operations. Purchase of fishing licences to enable entry or re-entry into the commercial fishing industry. Acquisition of fishing gear associated with new or existing licences. Diversification into new fishery species through the purchase of required licences and gear.

Who can I contact for more information about the Fishing Licence Loan Program?

You can contact Government of Nova Scotia.

Where is the Fishing Licence Loan Program available?

The Fishing Licence Loan Program program is available the province of Nova Scotia.

Is the Fishing Licence Loan Program a grant, loan, or tax credit?

Fishing Licence Loan Program is a Loans and Capital investments

Who are the financial supporters of the Fishing Licence Loan Program?

Fishing Licence Loan Program is funded by Government of Nova Scotia, Department of Fisheries and Aquaculture (NS)

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