The economic value of salmon farming in Scotland reached an all-time high last year, according to a report from the Scottish Salmon Producers’ Organization (SSPO).

“Scottish Salmon Farming — Industry Research Report,” highlights the creation of 272 new aquaculture jobs in 2011, a 23 percent increase in total gross pay and a record GBP 47.6 million capital investment. The report also highlights a 22 percent increase in the expenditure on suppliers and services to GBP 435 million.

SPPO also reported increased confidence levels in a recent survey, which showed that 86 percent of SSPO member companies plan to increase staff over the next five years, up from 78 percent in December 2010. In addition, 86 percent of SSPO members expressed a desire to grow sustainably over the next 5 years, compared to 70 percent from in 2010.

“The new economic report shows that salmon farming continues to be an expanding part of our economy, supporting more than 2,124 direct jobs which is a 13 percent rise on the previous year,” said Scott Landsburgh, CEO of SSPO. “At a time of slow growth in the global economy, the Scottish salmon sector continues to be a source of major capital investment and new opportunities. With continual national commitment and a balanced approach in the Aquaculture and Fisheries Bill proposed for later this year, the industry can continue to create more opportunities for employment across the country.”

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