Supporting Growth and Innovation in Atlantic Canada's Finfish Aquaculture Industry

Two-year project is expanding markets, strengthening sustainability, and boosting innovation across the sector

SAINT JOHN, NB, March 13, 2025 /CNW/ - Atlantic Canada's aquaculture sector plays a vital role in the region's economy, creating jobs, attracting investment, and supporting rural and coastal communities. To build on this strength, the Atlantic Canada Fish Farmers Association (ACFFA) is leading a two-year initiative to help advance the growth and sustainability of finfish aquaculture, ensuring long-term benefits for the industry and the communities that depend on it.

Driving Growth in Atlantic Canada's Aquaculture Industry

Today, Wayne Long, Member of Parliament for Saint John–Rothesay, announced a Government of Canada investment of $473,000 to support the growth and sustainability of Atlantic Canada's finfish aquaculture industry. The initiative is focused on sector growth and sustainability, attracting investment, and fostering innovation through industry engagement and market diversification. The announcement was made on behalf of the Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA.

With over 2,800 people employed in Atlantic Canada's aquaculture industry and a direct annual economic contribution exceeding $240 million, this sector is a key economic driver. This new initiative will build on the sector's success by undertaking activities such as labour and skills development, marketing campaigns, and innovation workshops to build sustainability and increase competitiveness.

As part of this effort, ACFFA will also coordinate an Atlantic Canada delegation of industry representatives to participate in Aquanor 2025 in Norway—one of the world's premier aquaculture trade shows. This mission will help Atlantic Canadian businesses connect with global partners, explore new technologies, and attract investment to the region. The delegation will build on the success of Innovation Norway 2024, where key industry stakeholders from Atlantic Canada engaged in knowledge exchange and collaboration to drive advancements in the aquaculture sector.

This initiative is part of the Government of Canada's commitment to fostering economic growth, supporting rural industries, and ensuring a thriving aquaculture sector in Atlantic Canada for years to come.

Quotes

"Atlantic Canada's aquaculture industry provides thousands of jobs and puts sustainable seafood on tables at home and around the world. By investing in research, training, and global partnerships, your federal government, through ACOA, is making sure this industry keeps growing and creating jobs for years to come."
          -The Honourable Gudie Hutchings, Minister of Rural Economic Development and Minister responsible for ACOA 

"The salmon farming industry in Atlantic Canada is a powerhouse of economic activity, innovation, and job creation. This investment will help the sector strengthen its global competitiveness while ensuring a sustainable future for aquaculture in our region."
          -Wayne Long, Member of Parliament for Saint John–Rothesay 

"Ocean farming is a critical component of Atlantic Canada's sustainable seafood sector. It creates important economic opportunities in rural, coastal communities while producing healthy seafood. Today's announcement underscores its vital role in our region."
         - Susan Farquharson, Executive Director, Atlantic Fish Farmers Association 

Quick facts

• The Government of Canada funding announced today is provided through the Atlantic Canada Opportunities Agency's Regional Economic Growth through Innovation (REGI) program, which helps businesses and non-profit organizations develop a strong, productive and competitive economy.
• The Atlantic Canada Fish Farmers Association (ACFFA) is a not-for-profit industry association representing salmon farmers and related businesses across the region. The association was established in 1987 and represents approximately 81 members, including farmers, feed producers, and industry partners.
• The ACFFA-led delegation to Aquanor 2025 in Norway will showcase Atlantic Canada's aquaculture expertise, strengthen industry connections, and explore new market opportunities.
• The Innovation Norway 2024 event facilitated collaboration and knowledge exchange, supporting the development of sustainable and innovative aquaculture practices.

Associated links

• Atlantic Canada Fish Farmers Association
• Aqua Nor Aquaculture Technology Exhibition
• Regional Economic Growth through Innovation

Stay connected
Follow ACOA on Facebook, X, LinkedIn and Instagram.

SOURCE Atlantic Canada Opportunities Agency