Funding Fisheries Diversification in Coastal Newfoundland and Labrador

GrantID: 8732

Grant Funding Amount Low: Open

Deadline: Ongoing

Grant Amount High: Open

Grant Application – Apply Here

Summary

This grant may be available to individuals and organizations in Newfoundland and Labrador that are actively involved in Non-Profit Support Services. To locate more funding opportunities in your field, visit The Grant Portal and search by interest area using the Search Grant tool.

Explore related grant categories to find additional funding opportunities aligned with this program:

Community Development & Services grants, Environment grants, Non-Profit Support Services grants, Social Justice grants.

Grant Overview

Newfoundland and Labrador's fisheries industry is facing significant cost constraints, with the average cost of fish processing in the province 15% higher than the national average. The high cost of transportation and energy in the province further exacerbates these cost constraints, making it challenging for industry stakeholders to remain competitive. To be successful, applicants must demonstrate an understanding of the province's unique industry dynamics and the cost constraints faced by fisheries stakeholders. The funding available through this grant opportunity is designed to support initiatives that address these cost constraints and promote industry diversification. Unlike neighboring Nova Scotia, Newfoundland and Labrador's grant applications require specific consideration of the province's offshore fisheries and the unique challenges of processing and transporting seafood products. Fisheries Industry Challenges in Newfoundland and Labrador: The province's fisheries industry is characterized by a high degree of dependence on a few key species, with 70% of the province's fisheries revenue coming from crab and shrimp. Who Should Apply in Newfoundland and Labrador? Industry stakeholders with experience in fisheries processing and a demonstrated understanding of the province's unique industry dynamics are well-positioned to apply. Eligible applicants may include industry associations, cooperatives, and individual businesses. The application process requires a detailed plan for reducing costs and promoting industry diversification, including specific strategies for addressing the province's transportation and energy challenges. By prioritizing projects that demonstrate an understanding of Newfoundland and Labrador's unique industry dynamics, this funding opportunity aims to support the development of innovative solutions to the province's fisheries industry challenges.

Eligible Regions

Interests

Eligible Requirements

Grant Portal - Funding Fisheries Diversification in Coastal Newfoundland and Labrador 8732

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