The government of Nova Scotia has launched the new Nova Scotia seafood and agriculture strategic investment fund, providing $4.71 million to support large-scale projects in the province's agriculture and seafood sectors.
According to the government, the fund will support companies proposing projects that boost productivity and help their businesses expand. This could involve adopting new technology, changing business practices, or finding new markets. Funded projects must be completed by January 2027.
Greg Morrow, the province's Minister of Agriculture, stated that while agriculture and seafood are important traditional industries, "we need to support fresh thinking and innovation". Kent Smith, Minister of Fisheries and Aquaculture, added that the "all hands on deck" effort is about building stronger industries.
The fund will be managed by Perennia, a provincial development agency. Representatives from the Nova Scotia Federation of Agriculture and the Nova Scotia Seafood Alliance welcomed the investment, stating that strategic support helps strengthen competitiveness and drives innovation.