Applications are now open for the Seafood Innovation Fund, which encourages the seafood industry to invest in ways to improve long term productivity and sustainability.
The Member for Oxley, Melinda Pavey, encourages fishers, aquaculture farmers and fishing co-ops to apply.
"The Government are providing low interest loans as part of the Seafood Innovation Fund of up to $500,000," Mrs Pavey said.
"The low interest loans can be used by businesses to identify and address risks, improve assets and infrastructure, ensure long term productivity and sustainable use of the marine and land-based environment, and help build resilience to changes in seasonal conditions.
"The low interest loans will assist NSW seafood businesses in preparedness, ensure that equipment has a minimal impact on the environment; and increase focus on replacement of unsafe or inefficient assets.
"This fund can also be used to help provide assistance to fishers for transport and logistics, to ensure that seafood reaches markets in optimum condition.
"Our state's seafood producers put some of the finest seafood on our plates and generate over half a billion dollars in economic activity each year.
"The NSW seafood industry is an important economic contributor to coastal and regional NSW, employing more than 4000 people, and we're working hard to ensure it continues to grow."
Applications can be made to the NSW Rural Assistance Authority.