$62.5 million fund to help fish and seafood processors in Canada to open

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The Canadian Seafood Stabilization Fund (CSSF) fund will help fish and seafood processors in Western Canada, Quebec and Atlantic Canada.

In a press release, the Government of Canada writes that will it is accepting applications from Indigenous and non-Indigenous fish and seafood processors in the West as of June 22, 2020.

The CAD 62.5 million (EUR 41 million) fund will be split up across Western Canada, Quebec and Atlantic Canada to help processors facing hardship as a result of the pandemic.

Some of the funds will to towards placing health and safety measures to help protect workers against COVID-19. The cash will also increase plant capacity to process, store, package, and distribute to suits “changing consumer demands.”

“COVID-19 has created real challenges for our fish and seafood processing sector, and they have continued to respond with tenacity and innovation. The Canadian Seafood Stabilization Fund will provide the sector with the support they need to increase their capacity and adapt their strategies to meet the changing demands of the consumer,” wrote Minister of Fisheries, Oceans, and the Canadian Coast Guard Bernadette Jordan.

“And we know that by bolstering our processors, we are ensuring consistent buyers for our harvesters and a strong food supply chain, one that includes a consistent stream of Canada’s world class fish and seafood,” added Jordan.