North Isles Marine Ltd, based on Yell, is creating up to nine new jobs after purchasing a new MV Settler vessel, a 40-metre long wellboat.
The boat will be manned by a crew of up to nine staff – effectively doubling the number of people on its books.
Wellboats contain large vats of water that enable fish to remain live up until the point of processing, maximising quality and freshness.
Marianne Clark, co-director of North Isles Marine, said: “Acquiring the MV Settler is a big step forward for us.
“The vessel has doubled the capacity of our original wellboat, the MV Norholm, and has enabled us to undertake a new exclusive contract with Scottish Sea Farms and double our workforce.
“As a rural, island-based business, we’re extremely pleased that we are creating new jobs.”
North Isles Marine, which is an existing customer of Clydesdale Bank, currently generates a turnover in excess of £1m and is looking to grow significantly following the investment.