Atlantic Canada Business Grants

Live Lobster Holding Assistance

Amount:

$50,000

Type of Program:

Grants

Description:

The Live Lobster Holding Assistance is designed to address space issues and to manage the market supply of live and processed lobsters on PEI. Through this program, government can provide financial help for the building and growth of land based live lobster holding facilities.

Comments on Funding:

Funding is a 10% non-repayable contribution towards eligible project costs, to a maximum of $50,000 per company, during a 12 month period. 

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • existing participants in the PEI Lobster Fishery as a processor, commercial fisher or buyer,
  • a registered sole proprietorship, partnership, cooperative or corporation. 

Application Steps:

1

Applicant must submit their application form and supporting documents before any financial or legal commitment is made on the project.

2

Only one application per project will be considered and any second or subsequent applications will not be accepted while an approved project is in progress. 

Documentation Needed: 

The applicant must submit:

  • an application form,
  • a comprehensive business plan that supports the feasibility of the proposed system, includes market research, and identifies the overall effect the project will have on the PEI Lobster Industry

Program Contact:

Lobster Holding Assistance

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *