Mr. Speaker, on June 10, 2009 the Minister of Fisheries and Oceans announced $65 million in new funding to help the Atlantic lobster fishery. These measures will help harvesters adapt to the extraordinary market conditions created by the global recession. This funding includes $15 million in immediate, short term support to assist qualified low-income harvesters severely harmed by the collapse in market demand for their products. This funding also includes $50 million in longer-term financial assistance to support industry to develop and implement sustainability plans.
With regard to (a), the availability of this funding will be based on eligibility criteria, which is currently being developed. While the programs are available to eligible lobster harvesters in Quebec and Atlantic Canada, the funding will not be allocated by province.
With regard to (b), these programs, the short term transitional measures and the Atlantic lobster sustainability measures will be made available to licenced lobster harvesters in Quebec and Atlantic Canada.
With regard to (c), the short term transitional measures comprise $15 million of the announced funding and are for licenced lobster harvesters who have experienced a significant drop in income from lobster harvesting in 2009. This program would only be available for the 2009 fishing season.
With regard to (d), the details of the program are currently being developed.
With regard to (e), changes to the employment insurance program are not part of this initiative.
With regard to (f) and (g), the government has also made other efforts to support the lobster industry. On May 22, 2009, thegovernment announced that it is directing $10 million from the Community Adjustment Fund, CAF, to the Atlantic provinces and Quebec for activities to improve marketing, assist in innovation and develop products and technologies in the lobster industry. This CAF funding may also be used by fleets to organize and develop sustainability plans for consideration for funding under the Atlantic lobster sustainability measures. CAF will be implemented by through the Atlantic Canada Opportunities Agency and Canada Economic Development for Quebec Regions.
With regard to (h), the current economic situation is also creating difficulties for the industry to access capital. To help alleviate this challenge, Budget 2009: Canada’s Economic Action Plan provided many measures which improve access to credit, including new funding to the Business Development Bank of Canada, the creation of a Business Credit Availability Program and a new Canadian Secured Credit Facility.
With regard to (i), the program details for the short term transitional measures and the Atlantic lobster sustainability measures are currently under development.