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Ōpōtiki mussel farm to employ hundreds with $5.5m factory investment

Ōpōtiki mussel farm to employ hundreds with $5.5m facto

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[20 July, Bonnie Flaws, Stuff NZ]

NZD$5.5 million has been contributed by impact investment fund ‘Purpose Capital’, Bay trust and Eastern Bay Energy Trust to Whakatōhea Mussels at NZD$2m, NZD $2m and NZD $1.5m respectively. This funding alongside a Provincial Growth Fund contribution of NZD$19m is expected to support 230 new jobs in Ōpōtiki through the expansion of the mussel farm and building of a new processing factory. Whakatōhea Mussels chairman Ian Craig stated that the project is a dream come true, “Now we have the opportunity to invest in our people and our community to build a better future for all.”

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