Government of Canada and Atlantic Provinces invest $300 million in the fish and seafood sector through renewed Atlantic Fisheries Fund

Imported from official source

Announcement

Fisheries and Oceans Canada and the provinces of Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador have renewed the Atlantic Fisheries Fund (AFF) for a further five years.

Fisheries and Oceans Canada and the provinces of Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador have renewed the Atlantic Fisheries Fund (AFF) for a further five years. The renewed Fund will make strategic investments of over $300 million in projects in the Atlantic Region. The contribution is split, with the Government of Canada providing 60% of the funding, and the Atlantic provinces 40%.

AFF is designed to drive innovation and enhance Atlantic Canada’s fish and seafood sector to bring high value, high quality, and sustainable fish and seafood to markets at home and around the world.

In Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland and Labrador, AFF supports:

  • Market Diversification – including export-focused advertising, market analysis, industry branding, and research focused on market access requirements like regulatory standards – to make the fish and seafood sector more resilient to global trade disruptions;
  • Innovation – including research and development of new innovations that support the sustainability of the fish and seafood sector, and creating partnerships and networks that promote and encourage innovations in the sector;
  • Infrastructure – including the adoption and use of new technologies, processes, or equipment to improve the effectiveness and sustainability of the fish and seafood sector;
  • Science Partnerships – fisheries and aquaculture industry-based partnerships with academia and organizations to further our understanding of the impacts of changing oceanographic conditions and sustainable harvesting technology.
  • Eligible projects for support under the Market Diversification pillar may include:

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    Fisheries and Oceans Canada — imported from official source
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    https://api.io.canada.ca/io-server/gc/news/en/v2?dept=fisheriesoceans&sort=publishedDate&orderBy=desc&publishedDate%3E=2021-07-23&pick=50&format=atom&atomtitle=Fisheries%20and%20Oceans%20Canada ATOM
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    October 15, 2026 18:00
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    https://www.canada.ca/en/fisheries-oceans/news/2026/10/government-of-canada-and-atlanti...

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