A total of $38-million is now available to seafood companies in Atlantic Canada to get through the COVID-19 crisis and prepare for the economic recovery.
The Canadian Seafood Stabilization Fund will provide money to seafood and aquaculture companies through ACOA. The money will increase plant capacity to process, store, package and distribute product.
Prime Minister Justin Trudeau says the money can also be used to buy PPE, access new clients, find new markets and maintain an international foothold.
Applications will be accepted as of Monday.
