Vessel Loan Program
NS, Canada
Loans for fishing vessels, engines and equipment in Nova Scotia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Government of Nova Scotia
- Department of Fisheries and Aquaculture (NS)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Term loan to purchase or build a fishing vessel, install engines, equipment, and/or electronics, or make technical modifications to a vessel.
grant_single_labels|projects
- Projects or activities eligible for this grant:
- New fishers starting their operations
- Sea farmers expanding their aquaculture businesses
- Boat builders in Nova Scotia seeking support
- Diversification and expansion initiatives in the fisheries and aquaculture sectors
grant_single|admissibleProjectsExample
$300,000
Halifax
Purchase a new fishing vessel and install modern fishing equipment.
$180,000
Vancouver
Expand aquaculture facilities with new tanks and filtration systems.
$120,000
Victoria
Renovate and repair an old fishing vessel to meet modern standards.
$200,000
Saint John
Start a new shellfish farming operation with new aquaculture farms.
$250,000
St. John's
Upgrade an existing fishing vessel with new engines and electronic systems.
$85,000
Charlottetown
Implement a training program for new fishers to improve skills and safety.
grant_single_labels|admissibility
- Must be a new fisher, sea farmer, or boat builder in Nova Scotia
- Those looking to diversify and expand are also eligible
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for the Nova Scotia Fisheries and Aquaculture Loan Board grant:
- New fishers
- Sea farmers
- Boat builders
- Companies in the seafood industry looking to diversify and expand
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant may include:
- Fishing equipment and gear
- Boat maintenance and repair
- Aquaculture infrastructure
- Expansion and diversification projects
- Training and certification costs
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. Applications are assessed based on financial viability, sustainability, feasibility, and economic impact to the fishing and aquaculture industry in Nova Scotia.
- Financial Viability
- Sustainability of the project
- Feasibility of the proposal
- Economic impact on the local industry
grant_single_labels|register
- Step 1: Get in touch with the Nova Scotia Fisheries and Aquaculture Loan Board.
- Step 2: Discuss your lending needs and business goals with their team of loan officers.
- Step 3: Submit an application for a loan.
- Step 4: Work closely with the Loan Board throughout the application process.
Apply to this program
