Humpty Doo Barramundi Pty Ltd (NT)

Investment Decision May 2018

Humpty Doo Barramundi Pty Ltd (NT)

Medium fish nursery, production ponds and processing equipment

NAIF loan Total project value
Up to $7.18m (potential for up to $30m) Up to $60m in three stages
Public Benefit Jobs
Economic impact (given under NAIF threshold for Cost Benefit Analysis) 50 local jobs over three stages, will double Humpty Doo Barramundi farm employees; 20 jobs approximately in stage one

 

 

NAIF finance assisted in the recognition of northern Australia as a leading supplier of premium saltwater farmed barramundi.

Small scale agriculture is difficult to finance in the private sector.

NAIF finance allowed fast tracking of this major Humpty Doo investment which would not have been possible in the short term without NAIF.

Indigenous Engagement

  • Target of 10% Indigenous employment
  • Employing culturally appropriate HR Manager & Mentor to support Indigenous employment and participation opportunities
  • Identification of sub-contracting opportunities for Aboriginal businesses and engage suppliers and service providers with a demonstrated commitment to Indigenous engagement

Economic Impact and Other Public Benefit 

  • Increase in production capacity to meet increasing demand for fish, with additional employment (in Stage 1, 13 construction jobs and 7 ongoing jobs)
  • Help grow the NT aquaculture sector, through supply of fishlings and future multi-user processing capabilities