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The government of Canada and the province of Nova Scotia are investing more than CAD 44 million ($34.4 million approx.) in the fish and seafood sector through the Atlantic Fisheries Fund.

The funding will support 11 projects in Nova Scotia focused on the adoption of new technology and partnerships to improve the effectiveness and sustainability of the sector.

The contribution comes from the Atlantic Fisheries Fund, which is investing more than CAD 400 million ($312.6 million approx.) over seven years to support Canada's fish and seafood sector.

Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard, said: “The projects we are supporting through the Atlantic Fisheries Fund will help our fisheries adapt to ever-changing markets and become even more sustainable and productive. And a stronger fishery means more jobs for coastal Canadians, and more prosperity in our coastal communities.”

Keith Colwell, Nova Scotia Minister of Fisheries and Aquaculture, added: “Nova Scotia's seafood quality is world-renown and this support for our fishery sector will go to enhance equipment, innovation, productivity and Covid-19 protections.

“It will help our seafood industry remain safe and sustainable, and provide top-quality seafood products to the world. We are excited to join with our federal partners, DFO, in these important investments.”

Jointly funded by the federal government and the Atlantic provinces – with a 70% and 30% contribution, respectively – the Atlantic Fisheries Fund aims to help Canada's seafood sector transition to meet the growing demand for high-quality, value-added and sustainably sourced products.

Eligible projects must focus on innovation, infrastructure or science partnerships, and a wide range of entities, from commercial fisheries to universities, may apply.