Oyster Processors Inventory Mitigation Program
Oyster Processors Inventory Mitigation Program
The Oyster Processors Inventory Mitigation Program is designed as a grant program which aims to reduce and offset financial risks for oyster processors by de-risking the purchasing and holding of oysters prior to selling to markets. This will assist in reducing disruptions in the purchasing of oysters from growers and fishers by mitigating potential financial impacts to PEI’s oyster industry as a result of the threats of oyster diseases.
We are no longer accepting submissions and are currently reviewing all applications. Updates will be shared directly with applicants. If you have any questions, please contact our support team via email oystersupports@gov.pe.ca
What does this program cover?
The program provides a grant equal to 30% of oysters purchased but not sold.
Who qualifies?
To participate in the Oyster Processor Inventory Mitigation Program, an applicant must be:
- A minimum of 18 years of age;
- A commercial oyster processing enterprise (company or self-employed) that operates in PEI and holds a valid fish processing license for oysters;
- In good standing with applicable federal, provincial and municipal legislation;
- Not in default of any provincial government program obligations; and
- Able to provide documentation of oyster purchases and sales in 2025.
How do I participate?
Refer to the links below to help with your application process.
Register as a Government Vendor
Questions and Answers
How are the payments calculated?
Payments are based on the processor’s unsold oyster inventory, determined by subtracting oysters sold from oysters purchased. Processors will be required to submit oyster purchases and sales information. The grant amount is calculated at 30% of this figure, which may include oysters not salable (i.e., oysters disposed of and not going to market).
When will I get a payment?
Applications are assessed on a rolling basis once all required documents have been submitted. Payments are issued after your application is reviewed and deemed complete. Incomplete applications will not be processed and may delay payment.
What information do I need to submit?
A checklist was developed to help applicants ensure all relevant and accurate information is provided.
How do I submit my application?
We are no longer accepting submissions and are currently reviewing all applications. Updates will be shared directly with applicants. If you have any questions, please contact our support team via email oystersupports@gov.pe.ca
Contact
For more information contact:
PEI Department of Fisheries, Tourism, Sport and Culture
Email: oystersupports@gov.pe.ca
Website: Supports for PEI Oyster Industry