Shelling it out: New $3.5-million fund aims to give NL more control over its lobster fishery
The provincial government is planning to infuse $3.5 million into the burgeoning lobster fishery. In a press release Tuesday, April 8, the Department of Fisheries, Forestry and Agriculture announced it is requesting applications through a Newfoundland and Labrador Lobster Technology and Innovation Request for Proposals as part of government’s effort to support new technology, processes and innovation in the lobster fishery. According to the release, the funding will be 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 the level of technology and risk of the project. more, >>CLICK TO READ<< 10:02
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