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GREAT FUTURE FOR AQUACULTURE

Through the Regional Strategy Fund, NZ Trade & Enterprise is investing $104,000 into aquaculture in the Eastern Bay of Plenty.  The funds will be used to help establish a regional aquaculture organisation and to develop a region-wide profile of the emerging aquaculture industry and future infrastructure needs.  Consent has been given to establish a 3800 ha marine farm in Opotiki Harbour, which has the potential to generate $250m through aquaculture by 2015.  The initiative will have a huge impact on the economic wellbeing of the Eastern Bay of Plenty, as well as the wider region.

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