A $100 million dollar investment into ice fishing in New Zealand will help reduce fish numbers

A $150 million investment in ice fishing will help New Zealand tackle its fish problem, and boost its export prospects, with an industry expert says.

Key points:An $80 million investment will be made in the New Zealand ice fishing industry in a major change from the pastThe investment will boost New Zealand’s fish numbers by 1,000 tonnes per yearA $100m investment will also see the industry expanded into coastal waters and offshore regionsKey pointsNew Zealand’s ice fishing has long been seen as a key source of income and export revenueFor more than a decade, the industry has been growing at a rapid rate, attracting tourists and attracting fishermen from all over the world.

The New Zealand Government has been looking at whether to take the lead on the initiative.

The announcement comes after the Government announced last month it would fund $80m over three years to support the industry.

Key facts:A total of 1,100 boats will be required to operate in New England to catch ice fish.

There will be an investment of $80million into ice fish fishing.

The Government will fund $40 million of that investment through a grant of the New Year’s Fund.

An additional $30m will be spent on ice fishing initiatives in New South Wales, Victoria and Queensland.

A second $10m investment from the National Parks Fund will be funded through a $20 million loan from the Government.

The investment comes as the Government’s Fisheries Strategy outlines a range of initiatives aimed at supporting New Zealanders to enjoy the sport.

The focus is on increasing the number of boats in New York and New Zealand, and encouraging the growth of new and existing fishing communities in the Pacific.

Ice fishing has always been an important industry in New Zeland, but this investment will ensure New Zealand can continue to thrive.

John Parnell, chair of the fisheries advisory committee for the New England Fishing Association, said the investment would help tackle New Zealands fishing woes.

“I think it will make it easier for people to get in, and to be able to get their boats out and get some of their fishing done,” he said.

“We’ve been in the ice fishing business for a long time, and we’ve been investing a lot of money into it, so we know what it takes to get the boats out there and we know how much it will cost to get them out there.”

Mr Parnett said New Zealand needed to develop a stronger fishing industry to support its fishing industry, which is already struggling.

“It’s a really big investment, but it is one that we think is going to help us,” he added.

Topics:fishing,environment,agriculture-and-farming,hampshire-6030,new-zealandFirst posted March 16, 2019 19:36:16More stories from New Zealand

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