Meeting of the Parliament 05 June 2019
The industry is performing well. It directly employs more than 2,000 people and contributes around £220 million in gross value added to the economy. The wider impacts across the supply chain are estimated to represent £620 million in GVA and 12,000 jobs. Further, as I have said before in the chamber, those jobs are well remunerated; the average annual salary in the fish farming sector is around £34,000, and many of the jobs are on the periphery of the country, where there are no alternative opportunities of that type. That is extremely important.
Companies have contributed enormously to improving their operations and sustainability. Mowi has invested around £100 million in its Kyleakin feed plant and £26.5 million in its new Inchmore hatchery at Glenmoriston, which I had the privilege of opening; Scottish Sea Farms has invested around £50 million in its new hatchery at Barcaldine; Loch Duart recently announced that it will invest £1.2 million in new feed barges; and substantial investments have been made by the Scottish Salmon Company, Cooke Aquaculture, Gael Force Aquaculture and others. The industry is investing heavily, and those investments are going directly to improve the sustainability of aquaculture.