EIB invests £42 million in Swedish land-based salmon farm

EIB invests £42 million in Swedish land-based salmon farm

Source: The Fish Site

12/26/2022

EIB invests £42 million in Swedish land-based salmon farm

Credit: Ocean

Ocean, the company behind Sweden’s first land-based salmon farm, has received a SEK 530 million (£42 million) venture debt investment from the European Investment Bank (EIB).

This is among the biggest investments into innovative and sustainable food production ever made in Sweden. The facility, in Säffle, will eventually produce 10,000 tonnes of fish a year — the equivalent to one fifth of the salmon consumed in Sweden each year.

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