The Pacific Community (SPC) is implementing the Sustainable Pacific Aquaculture Development Project (PacAqua), funded by the Ministry of Foreign Affairs and Trade (MFAT) under the New Zealand Aid Programme. It is a new 5-year project that aims to improve food security and economic development in the Pacific through sustainable aquaculture by enhancing business acumen among aquaculture operations, reduce aquatic biosecurity risks and increase uptake and adoption of improved aquaculture practices.
The project activities will provide business mentoring and training, capacity development and technology transfer in feed, seed and brood stock management to selected enterprises and partners. The project will also build capacity at the national level by training government fisheries staff in areas of biosecurity, feed, seed and brood stock management and other services that underpin private sector and community led aquaculture. The project intends to develop linkages with regional financial institutions to improve understanding and assessment on viability of aquaculture projects.
The project is in response to the recognized need that, in order to increase and improve economic and nutritional gain from aquaculture in the Pacific, aquaculture be developed on a business-like footing, be it private sector or community led. ADFIP secretariat is also working with SPC –DFAT funded Pacific Agri-Business in Research and Development Initiative 2 Project (PARDI 2) in the development and implementation of capacity building initiatives in this sector.