Ottawa hopes $325-million fund will spur growth in fisheries, seafood sector

The federal government has announced a new $325-million fund for Atlantic Canada's fish and seafood sector.

Federal Fisheries Minister Dominic LeBlanc announced the establishment of the Atlantic Fisheries Fund Friday in Halifax.

LeBlanc says the initiative is intended to drive innovation and growth in the sector.

He says Ottawa will work with the Atlantic provinces to set the priorities for the new fund.

Details of the new program are to be released in the coming months.