Seafood Processors Get Funding to Improve Exports and Diversify
Nova Scotia's seafood industry is improving its competitiveness in the global marketplace with funding from the province.
Fisheries and Aquaculture Minister Sterling Belliveau announced today, Oct. 8, $1.2 million in funding for seafood processors to diversify markets, develop new products, improve productivity and product quality, and to meet consumer expectations about food sustainability.
The investment is part of $3.75 million in seafood industry funding provided through the Community Development Trust Fund.
"Nova Scotia's seafood industry provides thousands of jobs in our coastal communities and contributes millions of dollars to the provincial economy," said Mr. Belliveau. "We understand the issues facing the seafood sector and these projects will help renew the industry and meet current challenges."
Funding will help:
- BMC Seafoods Ltd., Meteghan, Digby County, to diversify exports beyond traditional markets
- Value Added Seafood Innovation, Halifax, to diversity seafood products
Several business will use the funding to enhance productivity and technology. They are:
- D'Eon Fisheries Ltd., West Pubnico, Yarmouth County
- IMO Foods Ltd., Yarmouth
- A&L Seafoods Ltd.,Louisbourg
- Acadian Fish Processors Ltd., Lower West Pubnico, Yarmouth County
- Pierce Fisheries Ltd., Lockeport, Shelburne County
- Lobster World Inc., Jeddore, Halifax Regional Municipality
Funding has also been awarded to work on independent seafood sustainability certification and reducing their carbon footprint. Recepients are:
- N.S. Fisheries Sector Council
- N.S. Swordfish Association and N.S. Swordfish Harpoon Association
- Seafood Processors Association of N.S.
- Groundfish Enterprise Allocation Council
- Clearwater Seafoods Limited Partnership, Halifax
- Canadian Association of Prawn Producers and Inshore Fisheries Ltd., Pubnico, Yarmouth County
"These projects will help accelerate economic potential and development," said Mr. Belliveau. "They were chosen for their strong business plans and benefits for the seafood processors in the province."
More information on the seafood industry funding program is available at www.gov.ns.ca/fish/marine/ssrp .
The $34.9 million Community Development Trust Fund was established in 2008 by the federal government to help communities, sectors and workers hard hit by economic challenges.
The priorities of the Community Development Trust Fund are to enhance sustainable prosperity; diversify economic and trade opportunities; improve productivity, innovation and training; assist communities with transition planning and help workers facing adjustment challenges. More information on the Community Development Trust of Nova Scotia is available at www.gov.ns.ca/econ/cdtrust .