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Government of Canada, provincial and territorial partners, re-open the Canadian Fish and Seafood Opportunities Fund: now more streamlined and responsive

From: Fisheries and Oceans Canada (canada.ca)

Canada’s fish and seafood sector is essential to our collective food security and our economy. In light of the impact of the COVID-19 pandemic on Canadians and businesses, the need to promote Canadian food products at home and abroad has never been greater.

Today, Minister of Fisheries, Oceans, and the Canadian Coast Guard, the Honourable Bernadette Jordan, together with participating provinces and territories, re-opened the Canadian Fish and Seafood Opportunities Fund (CFSOF) to support the industry in accessing new consumer markets.

Launched in 2018, the CFSOF is a national cost-sharing federal, provincial and territorial program that helps the fish and seafood sector address new market-access issues and identify branding opportunities, in order to maximize the value of Canada’s world-class fish and seafood.

To reflect the needs of our partners, applicants will now have the chance to submit an Expression of Interest (EOI) to the CFSOF at any time, making the program more nimble and adaptable to changing circumstances brought on by COVID-19. Eligible applicants who meet the principles, criteria, and objectives of the program will then be invited to submit a full proposal following the EOI stage.

We continue to work with our provincial and territorial funding partners, Indigenous partners, and stakeholders, to help guide investment priorities, and identify opportunities and potential partnerships under CFSOF. Through this collaboration, we will leverage and promote Canada’s brand and reputation for producing high quality, legally and sustainably sourced fish and seafood products to both domestic and international consumers.

 

Quotes

“Canada’s fish and seafood sector is the driving force behind coastal communities, and an integral part of our country’s economy. The Canadian Fish and Seafood Opportunities Fund is another tool to help this industry adapt to changing consumer demand, build new markets, and maintain a foothold internationally. The new continuous intake process is more straightforward, responsive, and adaptable to industry needs, especially during these uncertain times. Canada has high-quality, world-class seafood and we will continue to find new ways to help promote the industry, their products, and support the women and men in our fisheries.”

The Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian Coast Guard

 

Quick facts

  • Together with our provincial and territorial partners, we are pleased to support the fish and seafood sector with over $42 million in non-repayable support through the Canadian Fish and Seafood Opportunities Fund (CFSOF).

  • The Canadian Fish and Seafood Opportunities Fund is a cost-shared program (70% federal and 30% provincial) and will fund eligible activities supported by participating provinces and territories (BC, SK, NT, YK, ON, NB, PE, NS, and NL).

  • Since 2018, seven projects, with total assistance of almost $4.8 million, have been awarded under the Canadian Fish and Seafood Opportunities Fund. The fish and seafood sector is integral to the economic and social fabric of hundreds of coastal and Indigenous communities in Canada, and generates approximately $3.1 billion (Gross Domestic Product) for the Canadian economy.

  • Eligible applicants under the CFSOF are not-for-profit industry organizations (e.g. associations and Indigenous groups) operating on a national, regional or sector-wide basis in the fish and seafood sector who are active in or supporting marketing related activities. Applicants operating on a regional basis must demonstrate that they represent significant production within their sector and have the ability to deliver a project from a national perspective.

 

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