Government launches plan to grow industry to $3 billion by 2035.
Oceans and Fisheries Minister Shane Jones has launched the New Zealand Aquaculture Development Plan 2025-2030, aiming to grow the industry to $3 billion in annual revenue by 2035. The plan outlines key factors for growth, including expanding existing marine farms and open ocean aquaculture.
According to Mr Jones, the industry currently brings in $760 million annually and employs over 3000 Kiwis. To support growth, the Government has taken steps such as extending marine consents and investing in projects to boost open ocean aquaculture. A key focus area is Māori leadership in the sector through the aquaculture settlement.
In a separate move, Mr Jones announced a loan of nearly $10 million from the Regional Infrastructure Fund (RIF) to improve Havelock Marina, a crucial infrastructure for the mussel industry in Marlborough. The funding will be used to dredge the marina channel and basin, enabling safe access for commercial users and residents. The construction and dredging work is expected to generate up to 54 jobs.
The project includes the construction of three replacement jetties to increase traffic and minimize impacts from flooding and climate change. Port Marlborough will co-fund the $19.8 million project with a contribution of $9.9 million.