The Fishery and Aquaculture Industry Research Fund is a funding scheme for industrial research and development work within fisheries and aquaculture, and is based on a levy of 0,3 percent on all exported fish and fish products. The funds shall be used for industrial R&D work for the benefit of all or part of the industry, and are distributed in the form of grants for research programmes and major projects. The levying of a research and development tax in the fisheries and aquaculture industry came into force on 1 January 2001.
The tax funds are administered by a Board appointed by the Norwegian Ministry of Fisheries and Coastal Affairs. Board members are representatives from the fisheries and aquaculture industry.
The top 5 trends shaping the salmon processing industry Worldwide
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