New Zealand’s government is aiming for growth by boosting exports and creating jobs in the aquaculture sector, which is expected to generate an additional NZ$500m in exports by 2035

The coalition government will be co-investing NZ$11.72 million over five years from the Sustainable Food and Fibre Futures fund as part of a NZ$29.3 million programme, led by New Zealand King Salmon.

The joint project will look at ways to expand sustainable salmon farming, including through the ‘Future Salmon Farming Programme’ which aims to demonstrate the viability of open ocean farming for the King Salmon species, making New Zealand a leading global supplier.