Canada Economic Development

Canada Economic Development

November 29, 2010 10:40 ET

Government of Canada Grants $343,160 to the Association des capitaines proprietaires de la Gaspesie and its Subsidiaries

GASPE, QUEBEC--(Marketwire - Nov. 29, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today announced $343,160 in overall funding to be shared by Association des capitaines propriétaires de la Gaspésie Inc. (ACPG) and its subsidiaries. The association will use these funds to carry out three projects which will generate investments of $758,612 and help maintain more than 200 jobs.

An amount of $90,000 in non-repayable funding has been granted to ACPG for the development of a restructuring plan for each of its member fishing fleets, namely, cod-fishing trawlers, fixed gear groundfish vessels and traditional shrimp harvesters. These new measures aim to ensure a sustainable fishery through efficient resource management, a balance between the number of fishers and the marine resources available, and stabilizing single-species quota allocations.

"The fishing industry is a key driving force of the economies of coastal communities with promising opportunities for diversification through innovation, aquaculture or the development of lesser-known marine species. The Government of Canada considers it a priority to support this type of activity," explained Minister of State Lebel.

A second contribution of $103,160 in non-repayable funding has been granted to ACPG Innovations, an ACPG subsidiary, for a pilot project aimed at supporting the search for concrete solutions to current fishery issues, including through the design and implementation of technological innovation projects. The SME will test a new model of floating trawl doors. Traditional trawling scours the sea floor and damages marine ecosystems. The use of floating trawl doors to support the net significantly reduces the environmental impact, since there is little contact with the bottom, as well as fuel consumption.

The third and final contribution of $150,000 (half of it in non-repayable funding) has been awarded to Les Agrès de pêche ACPG Inc., a fishing tackle firm, for the expansion of its plant and the acquisition of higher-performing equipment to increase productivity and production capacity. Recognized for the quality of its fish and shrimp otter trawls, the SME can barely keep pace with the increasing demand. The company is looking to break into the Maritimes and Newfoundland market and intends to increase its sales by 30 percent within the next four years. Agrès de pêche ACPG manufactures and repairs fishing gear and provides unique technical support in Eastern Canada.

"The Government of Canada supports the expansion project proposed by Agrès de Pêche ACPG, a novel company in line with the new trends in technology and working to ensure a sustainable fishery while reducing its operating costs," added Mr. Lebel.

These financial contributions from Canada Economic Development were awarded through the Community Adjustment Fund (CAF). Established under Canada's Economic Action Plan, this $1 billion measure was put in place to support communities severely affected by the economic downturn by stimulating job creation and supporting local economic diversification and restructuring efforts.

For more on Canada's Economic Action Plan, visit www.actionplan.gc.ca.

For more information on the Association des capitaines propriétaires de la Gaspésie, see www.acpgaspesie.com

Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the Agency's press releases at
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Contact Information

  • Canada Economic Development
    Karina Gagnon
    Communications
    418-368-6048 or 1-866-368-0044
    karina.gagnon@dec-ced.gc.ca
    or
    Canada Economic Development
    Office of the Honourable Denis Lebel
    Benoit Fortin - Special Assistant, Communications
    819-997-3319
    benoit.fortin@dec-ced.gc.ca