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.

Low-interest rate loans for NSW commercial fishers and aquaculture farmers