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Wanchese Fish Company will receive USD 248,000 through the Spanberger Governor's Blue Catfish Processing, Flash Freezing, and Infrastructure Grant Program.

The company can therefore move on to the construction of its Coralis aquaculture platform, designed to produce up to 8,000 tons of fish per year.

The government says the changes aim to simplify paperwork and support the fisheries and aquaculture sectors, part of broader administrative reforms.

The Norwegian government says it will prioritise domestic seafood processing and closer links between fishing rights and coastal employment as part of its four-year policy agenda.

These grants are funded by the European Maritime, Fisheries and Aquaculture Fund (EMFAF).

Bord Iascaigh Mhara is reopening two funding schemes in support of the seafood, aquaculture and processing sectors.