Official statementFisheries and AquacultureOctober 15, 2026
New $94.8M fund backs Nova Scotia seafood growth
The next Atlantic Fisheries Fund will support larger investments to help Nova Scotia seafood businesses diversify, improve productivity and reach more markets.
Summary
AFF 2.0 will provide $94.8 million for projects in Nova Scotia to support productivity, diversification and growth in the seafood sector.
- Funding: $37.9 million from the province and $56.9 million from the federal government.
- Focus: Larger, strategic investments, including projects that may help businesses adopt technology, improve quality, develop higher-value products and reach more markets.
- What comes next: The Nova Scotia Seafood Alliance has identified about 20 potential projects.
The previous Atlantic Fisheries Fund supported 365 Nova Scotia projects worth more than $215 million over the last decade. The new fund is intended to support more value-added production, exports, jobs and work for local suppliers.
Source: Government of Nova Scotia