Repayable Contribution
(COVID-19) Fisheries Interest Relief Program
This new interest relief program will provide relief for qualified applicants that meet the eligibility noted below, and demonstrate a minimum 30% decrease in fish-related revenues for the 2020 fishing season (12 months of interest relief).
- 4.5/5.0
- Prince Edward Island. Finance
- All levels
- Last updated 2 months ago
- English
Description
This new interest relief program will provide relief for qualified applicants that meet the eligibility noted below, and demonstrate a minimum 30% decrease in fish-related revenues for the 2020 fishing season (12 months of interest relief).
The total obligation of the Government of Prince Edward Island under the Fisheries Interest Relief program will not exceed twelve million, five hundred thousand dollars ($12,500,000). The Government of Prince Edward Island reserves the right to pro-rate payments at any point during the program should the total interest rebate/claims from the cumulative fishers exceed twelve million, five hundred thousand dollar ($12,500,000).