Atlantic Canada fish and seafood sector nets $325M from Ottawa

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Atlantic Canada’s fish and seafood sector is getting a spice up with an funding of $325 million by way of Ottawa.

READ MORE: Fisheries may just lose $10 billion a yr because of local weather alternate: learn about

The investment, referred to as the Atlantic Fisheries Fund, used to be introduced Friday by way of Fisheries, Oceans and Canadian Coast Guard Minister Dominic LeBlanc.

According to a free up, the fund has a focal point “to drive innovation” within the sector.

In 2015, the landed worth for Canada’s Atlantic business fisheries used to be $2.eight billion.

“The numbers speak for themselves,” LeBlanc instructed journalists, including 58,000 other people in Atlantic Canada are hired within the fishing business.

The govt will paintings with the Atlantic provinces to decide how the fund will paintings.

He stated the investment is “new money” and that it used to be “in addition to existing federally funded programs.”

LeBlanc stated the federal government would additionally have interaction indigenous communities and stakeholders to lend a hand form this system.

Nova Scotia Premier Stephen McNeil instructed the ones amassed for the announcement that it used to be thrilling information for the area.

“This is a tremendous opportunity,” McNeil stated. “Eighty per cent of the best seafood in the world comes from Atlantic Canada.”

More main points might be launched within the coming months, in keeping with the discharge.

– More to come back

© 2017 Global News, a department of Corus Entertainment Inc.



Published on: 10 March 2017 | four:04 pm, as “Atlantic Canada fish and seafood sector nets $325M from Ottawa” on GLOBALNEWS CANADA. (Here is a source link for the Article’s Image(s) and Content)

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