What's Happening?
The Minns Government has announced a $20 million investment aimed at enhancing the aquaculture industry in New South Wales. This initiative is part of the Aquaculture Industry Development Program, which seeks to double the state's aquacultural farmgate
production to $300 million by 2030. The program offers grants for infrastructure upgrades and projects that reduce carbon emissions, promoting sustainability and productivity in the sector. The investment is designed to support local manufacturing, food security, and economic development in regional communities.
Why It's Important?
This investment is crucial for the growth and sustainability of the aquaculture industry in NSW, providing economic benefits and job opportunities in regional and coastal communities. By focusing on infrastructure and sustainability, the program aims to attract investment and ensure the resilience of the seafood sector. The initiative also aligns with broader goals of climate change adaptation and product diversification, which are essential for the industry's long-term viability and competitiveness in national and international markets.
What's Next?
Businesses and organizations are encouraged to apply for the grants, with submissions due by January 18, 2026. The program is expected to drive innovation and development in the seafood sector, including supply chain improvements and carbon net zero initiatives. Stakeholders such as Aboriginal businesses and commercial fishers are anticipated to benefit from new opportunities for growth and innovation, ensuring a sustainable future for the industry.
