Aquaculture Capital Equity Program
The Province of Newfoundland and Labrador has established the Aquaculture Capital Equity Program to promote the growth and development of aquaculture in the province.
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.
Offered by Province of Newfoundland and Labrador (Department of Fisheries and Aquaculture)
Amount
Minimum investment of $250,000 for finfish operations and $100,000 for shellfish operations (no maximum investment level); eligible capital expenditures funded up to 50 per cent through ACEP equity financing
Quick eligibility check
Who can apply
No specific eligibility criteria have been identified.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Investment Attraction Fund | Loan, Investment | No fixed amount | Open |
| Venture Capital Tax Credit | Tax Credit, Investment | Non-refundable tax credit equal to 30% of the amount invested in the qualifying venture capital fund (QVCF), to a maximum tax credit of $75,000 per investor (maximum lifetime investment of $250,000) | Open |
| BDC Growth & Transition Capital: Transfer a business | Loan, Investment | Financing from $250,000 to $35M, repayable over a period of 2 to 8 years, with capital payments postponable for the first 12 months | Open |
| BDC Growth Equity Partners | Investment | Equity investments from $3M to $45M, acquiring ownership stakes up to 49%, for growth capital or an ownership transition | Open |
