Fishing port and lobster traps at sunrise.

Canada Seafood Stabilization Fund – Quebec

Part of the REGI program

Funding description

The aim of this financial assistance is to help fish and seafood processors and the NPOs that support them to cover COVID-19–related costs incurred since March 15, 2020. This funding is provided under the REGI program. 
 

Examples of funded projects

  • Storage solutions for live, frozen and/or processed products 
  • Investment in new equipment or services to: 
    • protect workers 
    • adapt plant operations, products or packaging 
    • increase efficiency and productivity 
  • New market requirements to: 
    • meet new consumer needs 
    • find new markets 
    • deliver products to new markets
 

Financial assistance

In the case of SMEs and commercial NPOs
  • Contributions are repayable, without interest. Repayment begins two years after the end of the project.
  • Certain contributions are non-repayable: contributions for adaptation projects aimed at ensuring worker health and safety and complying with COVID-19 standards, including:
    • physical distancing measures
    • the purchase of sustainable, reusable and non-disposable equipment that will not be used to generate income
    • other required changes to the workplace

In the case of NPOs and Indigenous organizations
  • Contributions are non-repayable.


Eligibility

Eligible clients

  • Small or medium-sized fish, seafood or aquaculture processing businesses that meet all the following conditions:
    • are located in Quebec
    • are licensed or registered processors of wild capture or aquaculture products
    • were viable prior to the COVID-19 pandemic
    • have put adequate and established health and safety measures in place to protect their employees, in accordance with the Quarantine Act.
  • Non-profit organizations (NPOs) that support the fish and seafood processing industry in Quebec


Submitting an application

Looking to submit an application?
  • If you are a Quebec SME or organization, contact us
  • If you are already a CED client, ask to speak to your assigned advisor by specifying your regional business office. 
  • If you are not located in Quebec, contact your regional development agency. The agency will help you find the support you need.

Contact us

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