As global attempts to curb the spread of COVID-19 continue, fisheries and aquaculture businesses are facing disproportionate impacts.
Border restrictions are disrupting supply chains, labour concerns are leading to falling production and shifting consumer demands are interfering with revenue models.
To support the continued operation of Canada’s fisheries and aquaculture businesses, both the federal government and the Province of Nova Scotia have introduced a range of support measures. Here, we summarize 7 programs with the details that were available publicly as of May 11, 2020. Given that interpretations of these programs continue to change daily, we encourage you to speak with a Grant Thornton advisor to understand which financing options are available to you, depending on your specific circumstances.