The level of support will vary from project to project with non-repayable contributions available to a maximum of $100,000 and a rate of assistance of up to 80 per cent depending on level of technology and risk of project
Government is putting money into new technology, processes and innovation to support the growth and sustainability of the Newfoundland and Labrador lobster fishery. Fisheries Minister Gerry Byrne says applications are now being accepted through the Newfoundland and Labrador Lobster Technology and Innovation Request for proposals. The lobster fishery is in a period of immense growth and potential. From 2015 to 2024, lobster landings increased by 263 per cent from 5.7 million pounds to 20.7 million pounds. During that same period, the landed value increased by 345 per cent from $30.7 million to $136.6 million
Byrne says funding is available to both commercial and non-commercial applicants. The level of support will vary from project to project with non-repayable contributions available to a maximum of $100,000 and a rate of assistance of up to 80 per cent depending on level of technology and risk of project Byrne says the lobster fishery is quickly becoming the second biggest fishery in the province. Proposals must be submitted by May 16th to lynettepeddle@gov.nl.ca.
Police looking for drivers who put others at risk this long weekend
Studded tires have to come off today and unwanted ones can be dropped off at Wildcove
Maximum grants of $50K available for Community Violence Prevention
Department of Transportation and Infrastructure provides statement on changes to capital works funding
JCL Investments Inc gets $14.4M contract to replace tailrace bridge in Deer Lake
