New funding available for N.S. aquaculture projects

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Nova Scotians who work in the aquaculture sector can now apply for funding to help them increase the productivity and sustainabilty of the industry.

The N.S. Department of Fisheries and Aquaculture is investing $750,000 from the Community Development Trust Fund, originally set up by the federal government to help communities experiencing economic challenges.

"This industry has great potential," said Sterling Belliveau, Minister of Fisheries and Aquaculture. "This investment will help the growing aquaculture sector become more competitive, opening new doors and markets around the globe."

Aquaculture is a significant contributor to the economy of rural, coastal Nova Scotia. In 2009, fish and shellfish farmers produced products valued at about $58 million and employed about 700 people.

"The funding is good news for the industry and increases our ability to compete in global markets," said Bruce Hancock, executive director of the Aquaculture Association of Nova Scotia. "Access to this funding gives aquaculture producers an opportunity to increase their viability and therefore, increase their contribution to the sector."

"This investment will help to create good jobs and grow the economy, allowing families to stay, work, and live in their communities," said Belliveau.

To apply, visit the Department of Fisheries and Aquaculture website at . The deadline to apply is Nov. 22.

Organizations: N.S. Department of Fisheries and Aquaculture, Community Development Trust Fund, Aquaculture Association of Nova Scotia

Geographic location: Nova Scotia

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