Mon, 04 Jul 2022

April 21, 2022

Charlottetown, Prince Edward Island - Canada's fisheries are the backbone of many coastal communities and a driving force of the economy. The seafood sector is a rapidly shifting environment - competition is intensifying, consumers are looking for sustainability and quality. That is why the Government of Canada and the Province of Prince Edward Island (PEI) today announced funding support to the Prince Edward Island Fishermen's Association (PEIFA) through the Atlantic Fisheries Fund (AFF).

On behalf of the Honourable Joyce Murray, Minister of Fisheries, Oceans and the Canadian Coast Guard, Robert Morrissey, Member of Parliament for Egmont, PEI joined by the Honourable Jamie Fox, Prince Edward Island Minister of Fisheries and Communities, announced a total contribution of over $3 million  to  help PEIFA with the implementation of their Inshore Fishing Fleet Sustainability Strategy. PEIFA's two-stream strategy aims to encourage harvesters to invest in and adopt fuel efficient technology. The first stream will fund the trials of energy efficient vessel propulsion systems, and the second stream will fund the adoption of auxiliary vessel equipment designed to reduce fuel consumption.

Funding this organization will benefit local and regional economies in PEI now and in the future. The contribution comes from the $400 million Atlantic Fisheries Fund, jointly funded by the federal and provincial governments, and focuses on increasing opportunities and market value for sustainably sourced, high-quality fish and seafood products from Atlantic Canada.

The Atlantic Fisheries Fund is in its fifth year and will continue to invest in projects over the seven-year life of the program.The commercial fisheries and aquaculture industry, Indigenous groups, academia, industry associations and organizations, including research institutions, may apply.

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