A group of institutions, companies and associations of Malaga, Spain has formed the Andalusian Network for Sustainable Aquaculture in a bid to boost aquaculture initiatives.

This public-private initiative is impelled through the Aquanostrum project, promoted by the EU and the Area of Sustainability and Unity of European Resources of the Provincial Delegation, which counts on a budget of EUR344,500 (US$470,000) originating from European funds, according to reports.

The new network is expected to facilitate the realisation of "the correct pursuit and operation of the project," and to back the development of a sustainable fish farming sector, said Miguel Esteban Martin of the Sustainability Area of the Delegation.

The initiative also serves to respond to the demand of fish consumption in a context of depleting seafood resources.

Malaga has extraordinary potential to develop the project, added Martin. While only 6% of the fish consumed in Malaga came from fish farms in 1970, at present the number tops 45%.

Sustainable aquaculture is a new opportunity and a new source of employment. The new network is expected to facilitate the progress of the sector, generating business and income in the Andalusian region.