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AQNZ welcomes latest funding

Media Release November 19, 2010

AQNZ welcomes latest funding

Aquaculture New Zealand has welcomed a new round of funding made available by Economic Development Minister Gerry Brownlee this week.

AQNZ chief executive Mike Burrell applauded the move, saying the third round of the aquaculture market development fund would provide $410,000 to projects that will contribute to the growth of the industry.

“This funding will enable companies to invest in strategic projects that have the potential to improve the profitability and competiveness of the sector,” Mr Burrell said.

“It will support projects that are aligned with goals of the New Zealand Aquaculture Market Strategy implemented by Aquaculture New Zealand with support from New Zealand Trade and Enterprise.

“The previous rounds of funding under this programme, have seen $1.15 million invested in a range of projects in key markets.

“This latest round of funding further demonstrates the government’s commitment to supporting the industry in its goal to reach $1billion in revenue by 2025.”


ENDS

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