Province launches $4.7M fund for agriculture and seafood innovation

CITYnews halifax / By Mark Hodgins

The provincial government is spending $4.7 million on a new fund aimed at supporting “big and bold” projects in agriculture and seafood.

The Nova Scotia Seafood and Agriculture Strategic Investment Fund will support companies proposing large-scale initiatives, including the adoption of new technologies and the development of new markets.

“This fund is about supporting the people who bring new ideas to grow our economy and help businesses,” said Agriculture Minister Greg Morrow. “Agriculture and seafood are important traditional industries in our province. But we can’t keep doing things the same old way — we need to support fresh thinking and innovation.”

Projects supported through the fund must be completed by January 2027.

The fund will be managed by Perennia, one of the province’s development agencies.