Atlantic Fisheries Fund Investing $11.2 Million in Fishing Industry
There has been another joint spending announcement made by the federal and provincial governments.
A total contribution of $11.2 million is being invested in 36 fisheries-related projects.
Investments are being made in the areas of harvesting, processing, aquaculture, and Indigenous partnerships.
Harvesting – 28 projects for fish harvesters, supporting new equipment and innovative technologies.
Processing – Five projects targeting advancements in processing technologies, diversification and product quality improvements.
Aquaculture – Two projects enabling the adoption of new technology and processes to support sustainable development in the oyster and salmon sectors.
Indigenous partnerships – One project with the Nunatsiavut Government through the Torngat Joint Fisheries Board investing in Adaptive Remote Imaging Sonar technology to collect information about Arctic Char.