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The five-year programme will support innovation, infrastructure, scientific partnerships and efforts to develop new markets for British Columbia seafood.

Industry and conservation groups offer opposing perspectives on what the early closure means for the fishery.

The plan includes modernizing fisheries infrastructure and schools, while supporting investments in fisheries and aquaculture to promote generational renewal.

In the seafood processing sector, the number of workers has increased by 9.5% since 2014.

The aid amounts to €149 million and was approved under the Middle East Crisis Temporary State Aid Framework (METSAF).

This approach transforms fishing and aquaculture communities through a model based on technology, sustainability, capacity building, and local economic development.