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New Zealand First wants the crown to invest with iwi and other stakeholders in the development of deep-sea aquaculture.
It says as a result of the coalition agreement the current Government has invested $37 million in aquaculture, and the party wants to make a further $100 million available to expand marine farming.
Its proposed Aquacorp would underwrite the expansion of offshore marine farming, ensuring the crown gets a return on behalf of the public for commercial use of marine open space.
It says the industry could expand from about $600 million in annual sales to $3 billion by 2035 through a combination of investment in innovation, an extension of land-based hatcheries and the offshore ventures such as Te Whakatōhea’s mussel farm at Opotiki.
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