Financial support program for commercial fishing enterprises – Stream 1 – Support for the establishment of a first fishing business
$25,000
Grant, Loan
Description:
Promote the establishment of a first commercial fishing business by fishermen, including the next generation.
Comments on Funding:
The maximum rate of financial assistance is 90 % of eligible expenses. The maximum amount of financial assistance per applicant for the duration of the program is $ 25,000 .
If the applicant is a new fisherman, the assistance granted may be increased by an additional maximum amount of $ 25,000
The program ends on March 31, 2026, or when the funds are exhausted, whichever comes first.
Eligibility:
Eligible Applicants
Fishing businesses operated by fishermen or new fishermen are eligible.
Eligible projects
Plans to establish a first fishing company.
Eligible expenses
The following expenses are eligible:
Expenditures incurred for the purchase and installation of new equipment for the vessel operated by the eligible fishing business within three years of the acquisition transaction of the first commercial fishing business. All equipment must be installed on a non-permanent basis if the vessel is rented or borrowed;
Expenses relating to the construction and repair of a fishing boat. These expenses are eligible only when the applicant owns the boat;
Registration fees for training related to the operation of a fishing business;
Interest paid by the eligible company on all of its loans taken out when acquiring a first fishing business for a maximum period of three years.
Application Steps:
Read the full text of the program (PDF 632 KB) for all the details.
Complete the financial assistance application form and send it to your regional MAPAQ office (commercial fisheries and aquaculture).
Financial assistance application form for section 1
The application must be accompanied by the relevant documents and information to enable its analysis. The list of documents that may be requested is given in the annexes to the full text of the program.
Documentation Needed:
Needed documents to apply are in the guide, you have to read the guide.
Other Things to Note:
Financial assistance application form for section 1: https://cdn-contenu.quebec.ca/cdn-contenu/adm/min/agriculture-pecheries-alimentation/programmes/appui-entreprises-peche-commerciale/FO_demande-volet1-appui-peche-commerciale_MAPAQ.pdf
About the author
Maurice
