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New Funding Available For Aquaculture Projects

by 5m Editor
2 November 2010, at 12:00am

CANADA - Nova Scotia Department of Fisheries and Aquaculture has announced an additional $750,000 investment in aquaculture programmes.

In November 2008, the Nova Scotia Department of Fisheries and Aquaculture announced a three-year, $2.5 million investment in aquaculture. Programmes established using those funds received tremendous industry support and were very successful. In 2009 the industry reported a $58 million harvest – an increase of 125 per cent over the last five years.

As a result of this success, the Nova Scotia Department of Fisheries and Aquaculture is pleased to announce an additional $750,000 investment in aquaculture programmes.

The money comes from the Community Development Trust; a fund originally set-up by the federal government to assist communities affected by economic difficulties. Nova Scotia Aquaculture has developed from modest beginnings to what has now become a significant contributor to rural, coastal Nova Scotia economies.

The Nova Scotia government strongly supports continued growth of an economically profitable and sustainable aquaculture industry. Sustainable aquaculture has the potential to expand significantly in a few short years.

To help make this happen, the government of Nova Scotia wants to do its part by allocating funding to three specific areas, listed below.

  • Public confidence
  • Aquaculture Industry Certification Fund
  • Aquaculture Industry Productivity Fund

Funding application forms and additional information may also be found by following the links provided. Please note: the application deadline is November, 22, 2010. All funding must be distributed by March, 2011.

5m Editor