Support Package Of Up To £14m Announced For The Marine Sector

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Support Package Of Up To £14m Announced For The Marine Sector

Seafood businesses and marine organisations in Scotland’s coastal communities are set to benefit from a new year of funding through Marine Fund Scotland.

A total of up to £14 million of funding will be available in 2023/24 to encourage the sustainable use of marine resources for economic growth and support livelihoods and jobs whilst preserving the health of marine and coastal ecosystems.

In the past, projects benefitting from the fund included modernisation of a salmon and trout processing facility in order to reduce energy and water use, the installation of solar panels at a seafood cold store to cut back on its carbon footprint, and process capacity building for a shellfish producer to meet the growing demand from premium markets in the US and Asia.

Applications for funding can be submitted via a new web portal which will be live from 10:00 on 11 April 2023.

The application and scheme guidance will be updated ahead of that date for the 2023-24 scheme.

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