The municipality of Sotenas, Sweden, together with Norwegian-owned financier Lighthouse Finance, is inviting land-based salmon farmers to apply for a license to farm up to 100,000 metric tons in a giant bid to invest in the industry, the Swedish government announced in a press conference Thursday.

Lighthouse Finance has partnered with the municipality to help design the site and offer financial support for salmon farmers, CEO Roy Hoias told IntraFish.

The industrial site spans 75 hectares and is expected to generate 2,000 new jobs.