The government of Newfoundland and Labrador is investing an additional CAD 30 million (€19.8 million/$23 million) into Grieg Seafood’s Placentia Bay Atlantic Salmon Aquaculture Project.
The equity investment is repayable financial assistance and forms part of the Aquaculture Capital Equity Program.
It will complement a CAD 10 million (€6.6 million/$7.7 million) repayable federal investment through the Atlantic Canada Opportunities Agency’s Business Development Program.
“This equity investment from government of Newfoundland and Labrador anchors Grieg NL’s significant investment of CAD 210 million (€138.5
