Aquaculture Capital Equity Program (ACEP)
Amount:
No Fixed Amount
Type of Program:
Investment
Description:
The objective of the Aquaculture Capital Equity Program is to partner with companies to increase production from both hatcheries and marine sites in Newfoundland and Labrador. The program will provide a minimum investment to projects of $250,000 for finfish operations and $100,000 for shellfish to match a private sector cash investment.
Comments on Funding:
ACEP provides a minimum investment of $250,000 for finfish operations and $100,000 for shellfish operations. Applicants must clearly demonstrate the ability to match the requested investment amount.
There is no maximum investment level under ACEP. All reasonable proposals are considered for funding.
When It Ends:
Ongoing
Deadline:
Rolling deadline
Eligibility:
The applicant must:
Application Steps:
should contact the Director of Aquaculture Development to discuss potential project, and confirm information required by the Department of Fisheries, Forestry and Agriculture to complete an assessment,
submit a proposal package, including a completed and signed application form, and a completed business plan, prepared in accordance with the guidelines contained in the program brochure, to the Director of Aquaculture Development,
meet with Director of Aquaculture Development to discuss the proposed project and projected timeline for decision.
Documentation Needed:
Applicant must submit:
Other Things to Note:
No other details available.
