September 18, 2019 — Iceland’s government has allocated a total of ISK 750 million (around $6m) for the improvement of aquaculture management and control.
This includes ISK 600m for the Marine Research Institute (MRI)’s new research vessel, on which a total of ISK 900m has been spent.
It also includes ISK 150m in place of the funding the MRI used to receive from the “Fisheries Project Fund”, but which has been on the wane for several years now.
“This year’s draft budget is about to change this arrangement and ensure that the institute has fixed income so that the MRI will no longer be subject to volatile income sources with associated uncertainty for its core activities,” said the government.