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Publish Date : 14-Mar-2017

Canadas fish and seafood sector is an integral part of the economic and social fabric of so many coastal communities across the country, especially in Atlantic Canadathats why the Government of Canada is today investing $325 million in this important part of the economy through the Atlantic Fisheries Fund. Under the Atlantic Growth Strategy, the Government of Canada and the Atlantic provinces are collaborating to grow the regions economy, including resource-based sectors, and build a vibrant future for Atlantic Canada. The Atlantic Fisheries Fund is a key component of this initiative, aimed at stimulating innovation, with a focus on growing opportunities and increasing their value to meet market demands for sustainably sourced, high quality fish and seafood products.

The Honourable Judy Foote, Minister of Public Services and Procurement Canada, was in St. Johns today on behalf of the Honourable Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard to announce the establishment of the Atlantic Fisheries Fund to drive innovation in Canadas fish and seafood sector. Innovation in this sector, which is integral to the regions economy, means more jobs for fishers in hundreds of small coastal and Indigenous communities across the Atlantic Provinces.

This new investment under the Atlantic Growth Strategy will help strengthen the Atlantic economy and increase job opportunities for Atlantic Canadians. Funding for this new initiative is in addition to existing federally funded programs. The Government of Canada and the Atlantic Provinces will collaboratively develop parameters of the Atlantic Fisheries Fund. Engagement with Indigenous communities and stakeholders will contribute to shaping the program, developing partnerships and priority areas for investments in Canada. Further details on the Atlantic Fisheries Fund will be provided in the coming months.

Photo legend: On behalf of the Honourable Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard, Judy Foote, Minister of Public Services and Procurement, announces a significant investment in the Fisheries Fund for Atlantic Canada.

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