June 19, 2020 — Canada’s Seafood Stabilization Fund, a $62.5 million federal disaster fund for Canada’s fishery and seafood sector that passed Parliment last April will be open for applications on Monday, June 22, 2020. The funds are intended for Canadian processors and aquaculture operations who are coping with the impacts of COVID-19.
The funds are eligible for costs related to increasing storage capacity, including finding storage solutions for live, frozen or processed products; plant operations such as new investments in equipment, materials or services to protect workers, adapt plant operations, products or packaging, or increase efficiency; and meeting new market demands, including responding to new consumer needs, finding new markets, and delivering to them.