Canada's Minister of Fisheries and Oceans Gail Shea on Friday announced CAD 4.7 million (USD 4.5 million, EUR 3.8 million) in funding this year will be made available to the country’s aquaculture industry to help create jobs and stimulate growth in rural communities.
Projects support by funding through the Aquaculture Innovation and Market Access Program (AIMAP) include a project in Newfoundland and Labrador — Newfoundland Aqua Services Ltd. received CAD 400,000 (USD 385,000, EUR 320,000) for the development and evaluation of a land-based net washing technology.
"When our government invests in aquaculture, we are investing in a brighter future and stronger economy for Canada's rural and coastal communities," said Shea. "Our government is supporting Canada’s aquaculture industry’s growth to create and protect jobs and support the livelihoods of coastal Canadians."
Projects funded through AIMAP aim to offer growth opportunities for Canadian aquaculture operations. In addition to the funding announced on Friday, two previous rounds of AIMAP funding totaling CAD 9.4 million have been made available over the past two years to fund innovative aquaculture projects.
