The New Brunswick government in Canada is investing $400,000 in a new programme to accelerate the development of its oyster aquaculture industry.
“Oyster aquaculture is experiencing steady growth in the province and has the potential to be an important contributor to the rural economy,” said Agriculture, Aquaculture and Fisheries Minister Michael Olscamp. “The new Oyster Aquaculture Enterprise Support Program fits in with the province's vision of commercial aquaculture development and offers real opportunities to establish a solid industry that can become a leader in the Maritime provinces.”
The program was established in response to challenges identified by the New Brunswick Shellfish Growers Association's in its strategic development plan. Despite steady growth in the industry, operating costs, particularly those associated with stock protection/control and labour, are major challenges to expansion. Oysters have a production cycle that last several years before growers can earn a return on their investment.
Under the programme, eligible applicants will be able to receive a grant of up to $25,000 to support the increase of their main operating costs associated with the development and implementation of measures designed to allow for better control and increased protection of stock; and expansion of production activities.
Funding of $400,000 will be allocated to the initiative through the Regional Development Corporation and will be administered by the Department of Agriculture, Aquaculture and Fisheries.
