North East Lincolnshire Council (NELC) submitted a bid for £14M to the Department for Business Innovation and Skills in June. If the funds are granted, private businesses have pledged to back the scheme with an investment of £61M.
If all goes according to plan, the scheme will create 970 jobs in local food manufacturing.
Speaking at the Humber Seafood Summit last week, Jorgen Lund, md of the Norway-based North Atlantic Seafood Forum described Grimsby as “one of the most important seafood clusters in the world” and the bid as “critical”.
He said the seafood sector was under-communicated in the UK and the bid was a “fantastic opportunity” for growth.
The bid has got through the first round of approval and the government will make a final decision in November.
Lund also praised Grimsby’s high competencies in processing and its strong interaction with retailers.
He said the sector was being eyed up by transatlantic investors as a growth industry for the future.
Grimsby MP Austin Mitchell predicted that “phenomenal growth” would be driven by global acquaculture, which is already a £3.3bn business in Norway.
Damien Jaines White, head of economic development at NELC – the team that has built the bid – said: “This is a true endorsement of everything we have done to date and highlights the case for foreign investment in to the UK, which will ultimately grow UK Plc.”
To read more about the bid, click here.