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Seafood Innovation Fund NSW


The Seafood Innovation Fund provides NSW commercial fishers and aquaculture farmers with low-interest rate loans to improve their business.

Open
Application detail:

Apply at any time.

What do you get?

Loans of up to $500,000.

Who is this for?

NSW commercial fishers and aquaculture farmers.

Overview

The Seafood Innovation Fund provides commercial fishers and aquaculture farmers with low-interest loans to:

  • help them identify and address risks to their business
  • improve permanent assets and infrastructure
  • ensure long term productivity and sustainable use of the marine, estuarine and land-based environment

The loans are intended to assist investment in the following key areas:

  • preparedness — adaptability to changing seasonal conditionals or climatic events of floods or droughts
  • environment ensuring equipment has a minimal impact on the environment
  • fishing and aquaculture farming equipment and assets replacement of unsafe or inefficient assets
  • transport and logistics ensuring that product reaches markets in optimum condition

What are the eligibility criteria?

To be eligible, you must be one of the following:

  • a NSW aquaculture permit holder
  • a NSW commercial fishing business owner or fishing licence holder
  • a registered fish receiver

You must also:

  • be registered with the Australian Taxation Office and have an Australian business number (ABN)
  • operate as a sole trader, partnership, trust or private company and trade NSW seafood products
  • have gross non-business assets not in excess of $5 million
  • be operating a viable business that has the capacity to repay the loan

How do you apply?

You can find out more about eligibility and how to apply at The Seafood Innovation Fund.