The Prince Edward Island aquaculture industry will benefit from a new funding program that will assist oyster growers in expanding production through the adoption of innovative techniques and technologies. A combined federal and provincial $1 million dollar investment was announced today by the Honourable Gail Shea, Minister of Fisheries and Oceans, and the Honourable Neil LeClair, Prince Edward Island Minister of Fisheries, Aquaculture and Rural Development.
“The Government of Canada understands the significant economic impact the aquaculture industry generates in Atlantic Canada,” said Minister Shea. “Our investment will help support the productivity and sustainability of this increasingly competitive global industry.”
The program will assist growers in expanding the cultivation of quality oysters on Prince Edward Island. By increasing the production and quality of Prince Edward Island oysters, it is expected that this will enhance demand in the marketplace and increase product value.
“This new agreement builds upon the initiatives that are already being undertaken to enhance the oyster fishery in this province,” said Minister LeClair. “Increasing the quality and quantity of our oyster production will provide new jobs and growth in rural areas, and help support the strong reputation our products enjoy in the international marketplace.”
Growers will benefit from this program through an increased quality product that can achieve higher market prices, increased incomes, better environmental stewardship and more sustainable aquaculture practices.
“This program is a great boost for cultured oyster farms in Prince Edward Island,” said Linda Duncan, executive director of the PEI Aquaculture Alliance. “It will support our member’s belief that an incremental expansion of production, using some new and innovation techniques, will allow us to produce the wonderful consistent attributes in our oyster that is demanded by the marketplace.”
The Atlantic Canada Opportunities Agency (ACOA) is contributing $700,000 to the PEI Aquaculture Alliance through its Business Development Program for this new initiative. The Government of Prince Edward Island is contributing $300,000 towards the project.