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£3million investment for new salmon hatchery

Category: Scotland Business News — Gary Cain on May 28, 2012

A fish farm is to be transformed into an all new salmon hatchery, following an investment of nearly £3million by Scottish Sea Farms.

The site, located outside of the centre of Dumfries, sits between the River Nith and the town’s bypass, and work has already commenced to develop the site.

There will be two stages to the development.

The first, which sees a £1.3million investment, should see the venture open its doors as a hatchery for fresh water salmon by October 2012.

The second, to enlarge the facility at a later date, will see a further £1.5million injected into the venture.

It is a huge vote of confidence for the industry, at a time when the competition for commercial finance in Scotland is high. However, with such a leap in salmon sales recently, it is no surprise.

The Scottish salmon industry has been a highlight for the country for many years. More recently though, exports have been consistently rising – to the US and the Far East in particular.

The new project should increase the stocks considerably, improve the industry’s green credentials and see money saved in all areas.

Speaking about the new hatchery, Mike Bauermeister, the site’s fresh water manager, said:

“The main benefits as a result of this modern facility will be a higher rate of health and survival for the newly hatched fish.

“There will be major cost savings due to greater efficiencies and it will ultimately reduce our reliance on traditional oil-based water heating on our other farms, giving significant environmental benefits.”

'Disclaimer: The information contained in these articles is of a general nature and no assurance of accuracy can be given. It is not a substitute for specific professional advice in your own circumstances. No action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a consequence of the material can be accepted by the authors or the firm.

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