Canadian Seafood Stabilization Fund

Building the resilience of fish and seafood processors to maintain domestic fish and seafood production during and after the COVID-19 pandemic.

Program Announcement

The application window for the Canadian Seafood Stabilization Fund is now closed. The IAF team is currently reviewing all of the applications received and funding decisions will be communicated as soon as possible.  IAF is aware that many of these projects are time sensitive and is working with both industry and government to execute this program as efficiently as possible. We thank you for your patience.

About

The Government of Canada has committed $62.5 million to the Canadian Seafood Stabilization Fund to support the fish and seafood processing sector to manage the impact of COVID-19 and to prepare for economic recovery.

IAF is delivering funding to eligible businesses that are active in the fish and seafood sector in British Columbia. The activities undertaken by the applicant will determine the value of funding available and whether funding is repayable or non-repayable.

Applications are open to For-Profit Organizations and Not-For Profit Organizations. Eligible costs/activities can be retroactive up to and including March 15, 2020 and must be completed by March 31, 2021.

What Can Funding be used For?

Updated June 19, 2020

Program funding is designed to support specific priority areas relating to employee health and safety, plant operations, market responsiveness and storage capacity. Funding is either repayable or non-repayable depending on the priority your project addresses. Funding will be allocated according to these two priorities, with projects falling under priority #1 (see below) being funded first:

Priority #1: Worker Health & Safety

Non-repayable Financial Assistance

New equipment and activities that allow processors to address health and safety measures for workers. Eligible activities include adjustments to production lines to accommodate social distancing, non-disposable personal protective equipment and preventative equipment.

Priority #2: Plant Operations, Market Responsiveness & Storage Capacity

Repayable Financial Assistance

Plant Operations: New equipment and activities that allow processors to adapt product and packaging changes due to COVID-19. Eligible activities include the modernization of processing lines, the installation of automation equipment, the installation of additional production or packaging equipment and technicians’ fees related to installation.

Market Responsiveness: Develop and / or adopt products, market development and market entry activities to respond to requirements and consumer demands. Eligible activities include product development or adaptation, implementation of new marketing strategies, alterations to packaging and branding and promotional activities.

Storage Capacity: Increase storage capacity to more effectively deal with raw materials and excess inventory. Eligible activities include increasing capacity for live, frozen or processed inventory, temporary or permanent storage solutions, domestic and international storage solutions.

Program Guide

Download the Program Guide for a detailed breakdown of eligibility.

Note: the program guide will be continuously updated to reflect applicant FAQs, make sure you’re reviewing the most recent version by downloading the guide each time you wish to refer to it.

How Much Funding is Available?

IAF is administering funding to address the priorities related to safety, capacity and market adaptability for the fish and seafood processing sector. There are two types of funding contributions available depending on the priority area being addressed by your project.

Non-Repayable Funding: Priority 1

For non-repayable projects,up to $100,000 is available per project. Up to 100% of the eligible project costs are covered for expenses related to incremental, non-revenue generating equipment/material for worker health and safety measures due to COVID-19.

Repayable Funding: Priority 2

For repayable projects, up to $1,000,000 is available per project. Up to 75% of the total eligible project can be cost shared with the applicant responsible for contributing the other 25%.

Apply

Thank you for your interest in applying to the Canadian Seafood Stabilization Fund. Unfortunately the IAF application window for this program is now closed. Please note that any incomplete applications that have been submitted will not be considered for funding.

Eligible costs/activities can be retroactive up to and including March 15, 2020. All projects must be completed by March 31, 2021.

Who is Eligible to Apply?

For-profit or not-for-profit entities in the fish and seafood processing sector that meet the following criteria:

  • Be located in British Columbia
  • Be a federally or provincially licensed fish processing facility or a registered processor of wild capture or aquaculture products
  • Were a viable business before the COVID-19 pandemic and plan to continue to operate their business or resume operations and;
  • Can demonstrate that their business currently meets health and safety requirements

OR

  • Be a not-for-profit organization not engaged in fish and seafood processing, but whose activities support the fish and seafood processing industry in British Columbia.

Located outside of British Columbia?

Apply directly to Western Economic Diversification Canada

Are you Looking to Procure PPE?

If you are looking to procure personal protective equipment, the BC Food & Beverage Association have launched the Protecting Our People Program that provides affordable access to PPE. Equipment can be purchased online through a simple ordering system.

Frequently Asked Questions

Can I hire a consultant to complete my application?

IAF does not directly deal with consultants who are working on behalf of organizations to apply for funding. It is expected that organizations must apply directly to IAF and provide a point of contact within the organization that IAF can liaise with. Consultant fees – to apply for the funding – are not eligible costs.

Can I choose more than one priority per project?

Yes, applicants can request funding for more than one priority, but the application will be assessed based on what priority the majority of funding is being allocated to.

I have a Safe Food for Canadians Regulation Licence (SFCR), am I eligible?

Yes, fish and seafood processors with a Safe Food for Canadians Regulation licence (SFCR) are eligible for funding.

What Personal Protective Equipment is eligible?

The CSSF intends to fund Personal Protective Equipment (PPE) costs that have been incurred as a result of COVID-19. PPE that was being used prior to COVID-19 are considered to be part of on-going business operations and are therefore not eligible, with the one exception being masks.

Disposable Personal Protective Equipment including the following are NOT eligible:

  • hairnets
  • boots
  • gloves
  • sanitizer
  • cleaning products

The CSSF will fund up to one year’s worth of supplies but it should be noted that the contribution agreement will include a clause prohibiting the re-sale of PPE that has been bought with program funds.

Are office and lunch room expansions / modifications eligible?

Updates to lunch rooms and office spaces are eligible under Priority #1 if they are attached / located in the same premises as the factory. It is expected that the business will implement these modifications with other social distancing measures; such as employees working remotely where possible and staggering lunch breaks where possible.

What supporting documentation do i need to submit alongside my online application form?

In addition to the online application form, the following documents must be sent to cssf@iafbc.ca. Without these supporting documents your application will not be considered eligible for funding consideration.

Projects under Priority #1:

  • A completed project budget (you will be prompted to download the budget template when you
    complete the online application form);
  • Audited or Review Engaged Financial Statements for the past two (2) years); and,
  • A letter of support from your organization’s Health and Safety committee (if one exists).

Projects under Priority #2:

  • A completed project budget (you will be prompted to download the budget template when you
    complete the online application form);
  • Audited or Review Engaged Financial Statements for the past two (2) years);
  • A project business plan that includes clear activities, costs, timelines, and deliverables; and,
  • CVs for your senior management team and/or those who will be responsible for completing the
    project.

Once your application has been submitted, IAF staff may request further documentation for the purpose of applicant due diligence.

When will I know if my application is successful?

The IAF team is reviewing applications as they are received and funding decisions will be communicated as soon as possible. IAF is aware that many of these projects are time sensitive and is working with both industry and government to execute this program as efficiently as possible. We thank you for your patience.

When will my application be marked as complete?

Your application will only be considered complete once the budget has been received to cssf@iafbc.ca. We will date and time stamp your application with the email received date and time.

Do you know where I can procure PPE for my project?

If you are looking to procure personal protective equipment the BC Food & Beverage Association have launched the Protecting Our People Program that provides affordable access to PPE. Equipment can be purchased online through a simple ordering system.

Program Guide

Download and read the program guide now.

Have a Question?

Our team is here to support you, contact us today!