The funding package includes almost a quarter of a million pounds from Shetland Enterprise. The new hatchery is situated at Sandwick,in the South Mainland of Shetland. Nufish is converting an existing building, and expects to produce the first fry later this year.

Nufish production manager Dennis Blackmore said: "We will have two distinct markets for our cod with the first being from within Shetland itself for the supply of cod fry. Indications from the Shetland Salmon Farmers Association suggest there will be substantial demand from local on-growers."

Supply