NL Aquaculture Capital Equity Program (ACEP)

In plain language

Provincial equity co-investment vehicle for NL finfish and shellfish producers ready to expand hatchery or marine-site capacity. Minimum cheques: $250K for finfish, $100K for shellfish; 1:1 private cash match required. No cap on upside — large salmon and mussel projects have drawn multi-million-dollar stakes. This is a direct equity investment, not a loan or a grant — the province becomes a shareholder with eventual buyback or exit. Pairs well with the federal Atlantic Fisheries Fund for hybrid capital stacks. Rigorous DD; expect a 6–12 month deal cycle.

Who qualifies

What you'll have to report

Equity reporting per shareholders agreement; annual financial statements; production and employment targets; exit/buyback terms per deal.