Tridge summary
New Zealand's government is investing $500,000 in a mussel spat hatchery in the Bay of Plenty region as part of a new Regional Strategic Partnership Fund. The hatchery, which could receive up to $6 million in total funding, is aimed at reducing the country's reliance on wild mussel spat and improving the aquaculture industry's resilience, supply chain, and sustainability. The project is expected to empower Māori to grow aquaculture and improve Māori prosperity.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
New Zealand’s minister of economic development has announced that the government will be developing a much needed mussel spat hatchery in its Bay of Plenty region. The minister, Hon. Stuart Nash, said the government is looking to provide more support to the country’s aquaculture industry through a new Regional Strategic Partnership Fund (RSPF). The government will initially invest $500,000 as equity for the development of the mussel spat hatchery and research hub in Te Moana-a-Toi Bay of Plenty, but up to $6 million could be released, alongside investment from other investors. This is the second major investment from the new RSPF, following the government equity stake in the Geo40 Lithium Recovery project near Taupō. Nash said in a press release that the new hatchery will significantly decrease New Zealand’s reliance on mussel spat sourced in the wild. “Having a reliable source of quality hatchery spat is an important step in helping the nation’s aquaculture industry be more ...
Source: Hatcheryinternational
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