Funding Available For Aquaculture Projects

Sea Pact project funding available for innovative aquaculture projects

By SeaWestNews

Sea Pact, an innovative alliance of seafood industry leaders, has announced the opening of their seventh annual project funding cycle with a new process commencing with an initial Request for Letters of Interest (LOIs).

Sea Pact is a group of leading North American seafood companies dedicated to driving stewardship and continuous improvement of social, economic, and environmental responsibility throughout the global seafood supply chain.

Sea Pact members are driving impactful industry change through the formation of a successful model of pre-competitive collaboration, utilizing their collective strength and robust industry expertise.

“I can assuredly speak for everyone that’s engaged in Sea Pact that it’s a great privilege to be associated with this group of like-minded industry leaders which continues to build value by utilizing our resources and supply chain expertise, working together to jointly support projects and partnerships that are making a difference,” said Rob Johnson, Managing Director of Sea Pact.

Sea Pact is launching a revised Project Selection Process  this year, commencing with an initial Request for Letters of Interest (LOI’s), to be followed by invitations to submit full project proposals.

This will support an improved process with greater efficiencies leading to more targeted and relevant project outcomes.

Sea Pact continues to aim to select projects in line with their mission and framed by twelve broad project categories outlined on the Projects page of the Sea Pact website.

Additionally, Sea Pact priority focus-areas for preferential consideration for project funding this year are in the areas of:

• Social Responsibility
• Aquaculture
• Fisheries Management
• Traceability
• Special species of interest: Squid
• Special regional area of interest: Great Lakes freshwater fisheries to apply for project funding, Program Information and Letter of Interest Guidelines can be found on the Sea Pact website here:

“We are excited once again to put a call out for innovative and impactful project proposals,” said Hamish Walker, Chief Operating Officer for Seattle Fish Company, and Chair of the Sea Pact Advisory Committee.

“To date, Sea Pact has funded 21 grants to 16 projects in 11 countries, with over $400,000 USD in direct support and over $1 million USD of additional funds generated across these projects,” states Rob Johnson.

To learn more about Sea Pact visit their website at www.seapact.org 

Related Links:

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More countries around the world turning to fish farms: UN