The Government of Canada is investing a total $30 million to fund clean technology for the aquaculture and fisheries industries to boost sustainable economic growth while fighting climate change.
The initiative is part of a program originally started in 2017 with an initial investment of $20 million.
Minister of Fisheries, Oceans and the Canadian Coast Guard, Bernadette Jordan, recently launched the renewed Fisheries and Aquaculture Clean Technology Adoption Program (FACTAP), with an investment of $10 million from Budget 2021 to extend the program up to 2023.
Previous projects included converting diesel, gas and hydro components to solar energy technologies, improvements to recirculating and semi-enclosed aquaculture systems and supporting Canada’s first diesel-electric fishing vessel. The extended program will also provide funding to pilot test late-stage innovative technologies or process technologies in Canada’s aquaculture sector.
The program offers funding to assist two types of eligible participants:
The program may fund up to 75 per cent of eligible project costs (maximum of $1.0 million per year).
The remaining 25 per cent or more of the project’s funding can be made up of a combination of non-DFO sources but must include a minimum of 10 per cent cash commitment by the applicant.
All project proposals must also include a letter of support from the lead fisheries or aquaculture regulator for the province/territory in which the project will take place.
To find out more on how you can apply, click on this link.
Your email address will not be published. Required fields are marked *