• Home
  • Aquaculture
    • Programs and Services

Programs and Services

Farming Atlantic salmon, Steelhead trout, Atlantic cod and blue mussels in Newfoundland and Labrador has a long history. Great growth performance, coupled with an abundance of available sites, make Newfoundland and Labrador a premiere location for finfish and shellfish aquaculture.

Realizing potential requires significant investment, and access to capital has often been difficult. The Province of Newfoundland and Labrador has established the Aquaculture Working Capital Loan Guarantee Program, the Aquaculture Capital Equity Program and the Aquaculture Strategic Development Program to promote the growth and development of aquaculture in the province.

These initiatives will only be available to companies that can demonstrate strength in all aspects of their business plan from the technical and marketing to the management capabilities. Through these initiatives, existing or new companies that are financially and technically sound will have a greater chance of success by ensuring that sufficient financing is available.

Aquaculture Working Capital Loan Guarantee Program

The provincial government has established the Aquaculture Working Capital Loan Guarantee Program. This initiative is designed to facilitate improved access to financing.

The Initiative will only be available to companies that can demonstrate strength in all aspects of their business from the technical and marketing to the management capabilities. Also critical is a strong business plan for growth.

Prospective applicants to the Aquaculture Working Capital Loan Guarantee Program should contact the Department of Fisheries and Aquaculture.

• Brochure (804.2 KB)

Aquaculture Capital Equity Program

The objective of the program is to partner with companies to increase production from both hatcheries and marine sites in Newfoundland and Labrador. The Program will provide a minimum investment to projects of $250,000 for finfish operations and $100,000 for shellfish to match a private sector cash investment. Prospective applicants to the Aquaculture Capital Equity Program should contact the Director of Aquaculture Development.

• Brochure (803.0 KB)

Aquaculture Strategic Development Program

The Aquaculture Strategic Development Program will support growth in the provincial aquaculture industry by providing funding to strategic areas. These may include diversifying production; maintaining competitiveness; increasing capacity in the supply and service sector; improving product quality and enhancing sustainability. These strategic initiatives will help ensure that the aquaculture industry continues to be a major economic contributor to the provincial economy.

• Brochure (318 KB)
• Application (261 KB)

Adobe® Acrobat® Reader software can be used for viewing PDF documents. Download Acrobat® Reader for free