Around 20 jobs are expected to be created through the creation of new fish processing factory Seafood Sourcing at Fraserburgh Harbour.
The firm plans to invest £614,000 in one of the buildings previously occupied by Young’s Seafood.
A £307,000 grant from the European Maritime and Fisheries Fund (EMFF) and the Scottish Government will meet 50% of the costs of the new project which aims to supply European markets with Scottish whitefish.
Commenting, Stewart Stevenson MSP said:
“This is fantastic news for the area. Investment in the onshore sector is crucial for the growth of our seafood industry.
“The UK’s decision to exit from the European Union has caused huge uncertainty across all sectors particularly fishing.
“The investment by the EMFF and the Scottish Government is a much needed boost for the area.
“I look forward to visiting the new facilities when they are complete.”
“The UK’s decision to exit from the European Union has caused huge uncertainty across all sectors particularly fishing.
“The investment by the EMFF and the Scottish Government is a much needed boost for the area.
“I look forward to visiting the new facilities when they are complete.”