New Funding Available for Fishers: Who can apply? And for how much?

News Type: 
Blog Entries

June 16, 2020

The Northwest Territories’ Commercial Fishery is integral to the territorial economy and to addressing food security. 

The Commercial Fisheries Industry Safety Support Program has been established to ensure that the health and safety equipment required by fishers and their employees is affordable and readily available for all small commercial fishing vessels in the North.

Commercial Fisheries Industry Safety Support Program

 

All Commercial fishers on Great Slave, Tathlina or Kakisa Lake who sell daily-catches to the Freshwater Fish Marketing Corporation can apply for this funding. 

 

To be eligible, fishers must:

  • Be a NWT residents or non-resident fishers who commercially fished on the Great Slave Lake last summer (and returning for current fishing season);
  • Possess a valid commercial fishing license and a valid Class A or Class B Certificate Holder; and
  • Possess a valid Vessel Certification.

 

Fishers can apply using the SEED application form and process and should contact ITI’s business advisors in either Yellowknife or Hay River.

This safety funding has two streams: up to $1,000 towards the cost of COVID-19 health & safety related expenses (cleaning supplies and equipment) as well as up to $10,000 towards safety equipment. 

 

Funding maximums will be based on the eligible fisher’s total sales to the Freshwater Fish Marketing Corporation last season:

  • Fishers with sales under $50,000, will qualify for funding up to $5,000;
  • Fishers with sales over $50,000, will qualify for funding up to $10,000;
  • Fishers must contribute a minimum of 10% equity towards the safety equipment;
  • Production is based on records provided by the Freshwater Fish Marketing Corporation or Sales reported to Revenue Canada as per Notice of Assessment.