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Project Description

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.

Focus

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.

  • Diversification in harvesting and processing
  • Research and development
  • Demonstration projects
  • Underutilized species
  • Industry/zone priorities
  • Industry-wide benefits

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Key Objectives

The Fisheries Diversification Program goals were diversification and environmental sustainability.

  • Diversify the province's fishing industry
  • Promote environmentally sustainable approach
  • Maximize the value of the fishing industry
  • Support areas impacted by groundfish

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Program Elements

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