Newfoundland and Labrador and the federal government are contributing funding to help eight fishing enterprises acquire new equipment
Corner Brook, Nfld. and Labrador – The government of Canada and the province of Newfoundland and Labrador have announced funding for the fish and seafood sector.
In a statement, both governments say they’re contributing $641,518 through the Atlantic Fisheries Fund (AFF) to help “improve the effectiveness, quality and sustainability of the fish and seafood sector.”
The new investment is also meant to “help strengthen the Atlantic economy and increase job opportunities.”
Gerry Byrne, Newfoundland and Labrador’s minister of Fisheries and Land Resources, says in the statement that the government is committed to supporting its renewable natural resource industries and that includes the fisheries.
“The AFF gives us incredible tools to advance top quality and value-added products that we bring to market as demonstrated in the state-of-the-art, gear technology announcements we are making today,” says Byrne.
“As we transition to greater levels of groundfish in the products we bring to market, we have an important opportunity that must not be wasted to raise the bar on quality and value for our industry, our communities and the people who earn their living from the sea.”
This latest contribution will supply eight fishing enterprises “with new automated longline hauler systems and insulated tubs,” says the statement. “This equipment will help to diversify catches and allow for more efficiency in deep water harvesting and improve the quality of the product and the efficiency of operations.”
For more information on the eight fishing enterprises and how they’re sharing the contribution, click here.
The governments say that the AFF will continue to invest in more projects over the next seven years. They say the commercial fisheries and aquaculture industry, Indigenous groups, universities and academia and industry associations and organizations, including research institutions, may apply.
But there are criteria they must meet, which are listed in the statement as: