January 20, 2023 · Springbrook, Prince Edward Island· Atlantic Canada Opportunities Agency (ACOA)
ACOA is providing financial support up to $40 million, over two years, in targeted support through the Hurricane Fiona Recovery Fund (HFRF), which supplements other federal measures to cover costs not covered by private insurance and other federal and provincial programs, such as Disaster Financial Assistance Arrangements (DFAA).
The Agency will help industry associations undertake studies to better understand the extent of the damage and develop recovery plans. This could include using underwater observation technology. It can also assist with the clearance of debris.
In addition, individual businesses in the shellfish sector can apply for eligible costs such as:
- Lost or damaged facilities
- Lost or damaged equipment that was permanently fixed
- Lost product or inventory at cost value
- Clearance of natural debris and man-made debris
- Reasonable fixed expenses incurred, including rental of office space and equipment, generator, production equipment, rolling stock and facilities
- Potential projects to cover additional costs not covered under DFAA for firms that are eligible for DFAA (e.g., clearance of man-made debris)
How to submit an application
To be eligible, businesses and associations in the shellfish sector must have exhausted all other sources of financial support, including programs offered by their provincial government. They must also have an immediate need and demonstrate quantifiable loss or damage resulting directly from Hurricane Fiona.
To apply for assistance, please visit ACOA’s website