Crown Estate announces new grants for aquaculture –

Crown Estate announces new grants for aquaculture Published:  06 April, 2004

The Crown Estate is to invest an additional £600,000 of funding, in addition to other measures, aimed at supporting Scotland’s troubled aquaculture industry. This new funding complements an existing commitment to both aquaculture research and The Crown Estate’s broader Marine Stewardship Fund.

The Crown Estate recently commissioned an economic analysis of Scotland’s aquaculture industry, to improve its understanding of the extent of the difficulties facing the industry, and to ascertain how its assistance could be targeted to best help the industry’s recovery. The Crown Estate has already deferred and rescheduled individual fish farm rents to assist those fish farmers with particular cash flow difficulties.

Frank Parrish, the head of Marine Estates at The Crown Estate, said: “The Crown Estate has a responsibility for, and role to play, in the management of marine resources. We are acutely aware of the current difficulties facing the aquaculture industry and wish to work with the industry and others to move forward to a position of greater certainty. It is clear that the effects of sustained low market prices have been particularly evident here in Shetland. We want to support and be part of an environmentally responsible and sustainable industry and are happy to discuss payment plans for fish farm rents, including deferred and rescheduled rents, with any and all fish farmers who are facing difficulties at this time.”