Projects funded by the Sustainable Aquaculture Innovation Centre (SAIC) should deliver additional turnover of £50m per annum for the companies involved by 2026.
This is according to an economic impact assessment produced by Frontline Consultants and independent economist Steve Westbrook, which analysed 60 projects funded by SAIC over first and second phases.
It found these initiatives had a combined value of £52.7m, 60% of which - £31.4m - was contributed by business partners within the aquaculture sector.