The Australian Government has introduced the Tasmanian Jobs and Growth Plan in order to boost the aquaculture industry and provide all necessary equipment for the Huon Aquaculture Value Added Processing Facility project.
The Australian Government’s $100 million Economic Growth Plan for Tasmania will secure targeted funding towards infrastructure, communications, jobs and technology as part of a comprehensive state-wide package to assist the growth of the Tasmanian economy.
Aquaculture accounts for 34% of the total gross value of seafood production and is Australia’s fastest growing primary industry.
According to the media release by the Minister for Infrastructure and Regional Development, $3.5 million in funding has been secured for the Huon Aquaculture Value Added Processing Facility project set to extend the existing factory building, car park and effluent treatment facilities. The new facility will produce 100% grown and processed salmon and will support Tasmania’s contribution to the industry.
The project will also create 100 jobs during the construction stage and 60 new full-time positions in the first year of operation, thus greatly contributing for the community.
The Tasmanian Government is funding the project with $1.5 million and the Huon Aquaculture Company is providing over $7 million to build this vital contributor to the Tasmanian economy, laying the stones for a long lasting sustainable aquaculture industry in Tasmania.
The development of the industry is crucial to sustain growth and meet market demands, which in turn will result in the creation of more jobs and boosting tourism.