The Atlantic Fisheries Fund is designed to provide funding assistance to the Fisheries and Aquaculture industry in NL, in an effort to enhance fisheries and aquaculture development opportunities and help industry stakeholders meet growing industry demands in areas of quality and sustainability as well as helping stakeholders address various workforce related issues.

The objective of the program is to assist in increasing production of commercial aquaculture products in the province, from both hatcheries and marine sites, thereby increasing employment and spin-off opportunities in the processing, manufacturing, supply and service sectors, primarily in rural Newfoundland and Labrador. The program will provide a minimum investment to projects of $250,000 for finfish operations and $100,000 for shellfish to match a private sector cash investment.