The Welsh government says a GBP 40,000 grant has saved 32 jobs and millions of farmed fish on Anglesey.
Enterprise Minister Edwina Hart said the cash paid for oxygen to be pumped to sea bass being raised at the former Selonda (UK) plant at Penmon.
Mrs. Hart said the payment last month kept the fish alive while the firm was bought by Anglesey Aquaculture.
The fish farm, established in 2002, produces 1,000 metric tons of sea bass every year.