The Fisheries Diversification Program was a $10 million program from the $81.25 million Canada-Newfoundland Agreement on the Economic Development, a Component of the Canadian Fisheries Adjustment and Restructuring Initiative. The program was announced in August, 1999 and ended on March 3, 2002. The main thrust of the FDP was industry-wide research and development, with demonstration initiatives.
The aim of this program was to further develop the Newfoundland and Labrador fishing industry. The following were the key focus areas of this program.
The Fisheries Diversification Program goals were diversification and environmental sustainability.