Financial support programme for the development of the commercial fisheries and aquaculture sector – Stream 3 Improving environmental performance

Amount:

$500,000

Type:

Grant

Description:

Improving the environmental performance of aquaculture companies and aquatic product processing companies through the adoption of new techniques and technologies.

Comments on Funding:

The financial assistance consists of a non-repayable contribution in the form of a grant. It is calculated according to the parameters specified in the table on page 26 of the full text of the program.

Deadline:

The program ends on March 31, 2026, or when the funds are exhausted, whichever comes first.

Eligibility:

Eligible Applicants
The following applicants are eligible if they have an establishment located in the maritime regions of Quebec and who have the authorizations or permits necessary to carry out their activities leading to the completion of an eligible project:

Aquatic product processing companies whose main activity is the preparation and canning of aquatic products;
Companies for the recovery of co-products and marine biotechnologies with a commercial vocation.
Eligible projects
Projects targeting one or more of the following objectives are eligible for this sub-component:

The implementation of a quality control system that incorporates good manufacturing practices or a preventive control plan;
The implementation of one of the recognized quality management systems leading to its certification or recognition;
Adapting a quality control and management system to meet new requirements established by government agencies or accreditation bodies;
Improving the company’s facilities and processing methods related to food safety and sanitation.

Application Steps:

To apply, you must:

Read the full text of the program for all the details.
Send the following mandatory documents by email to your regional MAPAQ office (commercial fisheries and aquaculture).

Documentation Needed:

The completed and signed financial assistance application form ;
The company’s last two financial statements or, if they are not available, the Canada Revenue Agency’s T2042 income tax return for the last two years. A start-up company could benefit from an exemption in this regard, if it demonstrates, at the time of filing the project, that it is impossible for it to produce financial statements for the last two years.
Other documents necessary for the complete evaluation of the application may be required.

Other Things to Note:

When the project is completed, companies that have received financial assistance must submit a final report:

Final project report – Mariculture
Final project report – Fish farming ​
Final project report – Transformation

Link Guide:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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