Newfoundland and Labrador - a rare find

Aquaculture

Newfoundland and Labrador’s aquaculture industry is strategically located for North American and European markets. With over 17,000 kilometres of coastline, we are blessed with extensive open areas of pristine water ideally suited for aquaculture. The North Atlantic is known globally for its coldwater, high-quality seafood.

Aquaculture Chart

Specific areas within the province have been identified as desirable locations for aquaculture, including Notre Dame Bay, Green Bay, the Connaigre Peninsula, Bay d’Espoir, Fortune Bay, and Placentia Bay. These areas offer opportunities for all segments of the aquaculture industry, with proven results for salmonids and mussels. Currently there are over 130 licenses in total, with $160 million in production. Since the year 2000, the industry has increased almost ten-fold in terms of production.

Species

Salmon
Atlantic salmon require ice-free water throughout the winter, so all finfish production in Newfoundland occurs along the south coast of the province. The safely sheltered bays that stay free of icebergs in the winter months make the south coast a perfect place for salmon farming.

Blue Mussels
In 2014, Newfoundland blue mussels became the first certified organic mussels in North America. Our ocean, with the ideal temperature, salinity, water depth, and pristine conditions, produce a flavourful, plump, and sweet-tasting mussel. Our mussel industry, since 2000, has increased production by over 200% while value has increased more than 400%.

Steelhead Trout
Newfoundland steelhead trout are raised in Bay d’Espoir which is located on the south coast of the island. This fjord-sculpted bay reaches far inland and offers the rare combination of crystal-clear North Atlantic salt water layered with freshwater inflows from the region, which funnels cold, clean freshwater into the upper Bay d’Espoir region.

Programs

Aquaculture Capital Equity Program
This provincial program provides a minimum equity investment to qualifying companies of $250,000 for finfish operations and $100,000 for shellfish, to match a private sector cash investment to increase production from both hatcheries and marine sites in Newfoundland and Labrador.
Read the Brochure

 

Aquaculture Working Capital Loan Guarantee Program
This provincial program provides assistance to organizations with strong business and operational plans.
Read the Brochure

 

InnovateNL
Funding for commercial, academic, and student research and development, ranging from proof of concept to commercialization.
Learn More

10-year Industry Growth of 500% by Value

$276 Million Market Value in 2016

Cold, Clear North Atlantic Waters

Protected Bays and Inlets for Year-round Production

Get Started!

Elizabeth Barlow
Director, Aquaculture Development
elizabethbarlow@gov.nl.ca

709.538.3725