The federal government has announced $473,000 in funding to help grow Atlantic Canada’s finfish aquaculture industry.
The sector supports more than 2,800 jobs and contributes over $240 million to the region’s economy, as noted by the Atlantic Canada Fish Farmers Association (ACFFA).
The funding will be used for initiatives such as innovation workshops, workforce training, and showcasing the industry at international trade shows, including Aquanor 2025 in Norway.
The aim is to help the industry expand into global markets, build new connections, and strengthen its presence, according to a government release.
David Seeley, interim chair of the ACFFA, welcomed the funding and highlighted the sector’s continued challenges.
“One of the things I love about this industry is continuous improvement and innovation,” Seeley said.
He emphasized that while the funding provides much-needed stability, the sector still faces significant hurdles.
“These challenges include navigating tariffs and trade uncertainties that impact our ability to get products into key markets,” Seeley explained.
He noted that exploring new markets and diversifying the industry’s reach are steps to ensuring its resilience.
“We’re all looking for new markets to make sure we’re insulated from these challenges,” he said.
The interim chair of the ACFFA also touched on workforce issues and environmental concerns, saying the industry must balance economic growth with sustainability efforts.
“Whether it’s through adapting to climate change or addressing public perceptions, this funding will give us a stronger foundation to tackle those issues and ensure the sector’s long-term success,” Seeley said.
Saint John–Rothesay MP Wayne Long announced the funding Thursday on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development.
Long noted that the funding will strengthen the industry and support rural and coastal communities, as part of a broader effort to promote economic growth in these areas.
He stated that salmon farming, in particular, is a significant contributor, providing opportunities for rural families and supporting the region’s overall economic health.
Aquaculture plays a vital role in Atlantic Canada’s economy, benefiting not just those directly employed but also related industries such as fish processing, transportation, and local businesses.
