Future Fisher Program
PE, Canada
Support for new entrants to the lobster fishery in Prince Edward Island
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of Prince Edward Island
- Department of Fisheries, Tourism, Sport and Culture (PEI)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Access training and financial assistance as a new entrant in the lobster fishery in Prince Edward Island or if you are working towards ownership of a lobster fleet.
grant_single_labels|projects
The Future Fisher Program supports new entrant lobster fishers in Prince Edward Island through various components aimed at ensuring success in the lobster fishery.
- Coaching by a program officer
- Comprehensive training on all aspects of the lobster fishery
- Reduced interest for three years on loans for acquiring a fishing license
- Financial assistance for training initiatives
grant_single|admissibleProjectsExample
$12,000
Montague
Development of a lobster fishery with ecological practices in Montague.
$12,000
Charlottetown
Acquisition of lobster fishing license and training in Charlottetown.
$12,000
Summerside
Establishing a lobster fishery business with fleet training in Summerside.
$12,000
Souris
Launch of a sustainable lobster fishing operation with training in Souris.
$12,000
Alberton
Setting up a community lobster fishery program in Alberton with training support.
grant_single_labels|admissibility
The Future Fisher Program in Prince Edward Island offers support to new entrant lobster fishers who meet specific eligibility criteria to aid their success in the PEI lobster fishery.
- Be a resident of Prince Edward Island and be a minimum of 18 years of age.
- Have purchased a Class A lobster license after January 1, 2009, and have not held a Class A lobster license in previous years.
- Only one applicant per fleet, who shall be the license holder, is accepted under the Future Fisher Program.
grant_eligibility_criteria|who_can_apply
There are no specific types of companies mentioned as eligible for this grant. The eligibility criteria are focused on individuals who are new entrants in the lobster fishery in Prince Edward Island.
Nothing
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant. Eligibility criteria may exclude the following:
- Non-profit organizations
- Individual entrepreneurs
grant_eligibility_criteria|eligible_expenses
Eligible expenses under the Future Fisher Program include interest relief on loans and costs of training initiatives.
- Interest relief on loans up to $4,000 per year for three years, for a maximum of $12,000
- Up to $1,000 toward the costs of training initiatives, shared on a 50-50 basis with the department
grant_eligibility_criteria|zone
The eligible geographic zone for the Future Fisher Program is Prince Edward Island. Applicants must be residents of this province to qualify for funding.
- Prince Edward Island
grant_single_labels|register
- Step 1: Gather Information and Documentation
- Detailed contact information
- License information
- Lobster Fishing Area (LFA)
- Port of purchase
- Home port
- Financing information including:
- Lending institution name and branch location
- Loan officer/account manager
- Loan number
- Exact name of loan holder(s)
- Loan amount
- Interest rate
- Payment amount
- Payment frequency
- Term
- Amortization
- Disbursement date
- Letter from your lending institution outlining all the above information as well as terms and conditions of your fishery loan
- Relevant training courses acquired, e.g., Fishing Master IV, Domestic Vessel Safety (DVS)
- Education Status – If you have Grade 12 or equivalent, upload diploma or grade transcripts
- Vendor Registration Form and void cheque
- Step 2: Download and Complete Application Form
- Download the application form from the provided link
- Fill out the form with all the necessary details and attach the gathered documents
- Step 3: Online Submission
- Complete the online application form
- Upload all required documentation
- Complete a CAPTCHA exercise to confirm you are a human visitor
- Review and print your information before submitting the form
- Submit the application online
- Step 4: Contact from Program Officer
- Following submission, the program officer will contact you to discuss your application and related documents
- Step 5: Await Approval
- Upon approval, a letter and contractual agreement will be forwarded to you
- Accept the contractual agreement to constitute a contract between yourself and the department
grant_single_labels|otherInfo
Applicants must meet Prince Edward Island residency requirements and have acquired a Class A lobster license post-2009. Financial commitments should be made only after application approval to qualify for the program.
- Residency in Prince Edward Island required
- Class A lobster license must be acquired after January 1, 2009
- Only one applicant per fleet eligible
- Continuous intake of applications, reviewed on a first-come, first-served basis
- If budget allocation is exceeded, applications may be deferred
- Misrepresentation of information can result in application refusal
- Minister's decision is final in case of disputes
grant_single_labels|contact
reagmacdonald@gov.pe.ca
(902)
Apply to this program
