Canada Seafood Stabilization Fund – Quebec

Funding description

The aim of this financial assistance is to help fish and seafood processors and the NPOs that support them to cover COVID-19–related costs incurred since March 15, 2020. This funding is provided under the REGI program. 
 

Examples of funded projects

• Storage solutions for live, frozen and/or processed products 
• Investment in new equipment or services to: 
  • protect workers 
  • adapt plant operations, products or packaging 
  • increase efficiency and productivity 
• New market requirements to: 
  • meet new consumer needs 
  • find new markets 
  • deliver products to new markets

 

Financial assistance

In the case of SMEs and commercial NPOs

• Contributions are repayable, without interest. Repayment begins two years after the end of the project.
• Certain contributions are non-repayable: contributions for adaptation projects aimed at ensuring worker health and safety and complying with COVID-19 standards, including:
  • physical distancing measures
  • the purchase of sustainable, reusable and non-disposable equipment that will not be used to generate income
  • other required changes to the workplace

In the case of NPOs and Indigenous organizations

• Contributions are non-repayable.

Eligibility

Eligible clients

• Small or medium-sized fish, seafood or aquaculture processing businesses that meet all the following conditions:
  • are located in Quebec
  • are licensed or registered processors of wild capture or aquaculture products
  • were viable prior to the COVID-19 pandemic
  • have put adequate and established health and safety measures in place to protect their employees, in accordance with the Quarantine Act.
• Non-profit organizations (NPOs) that support the fish and seafood processing industry in Quebec

Submitting an application

The application period for this program is now closed.