Gael Force Fusion intends to move from its current base at Barcaldine, which is leased from Scottish Sea Farms, into the new premises.
The company’s owner, Inverness-based Gael Force Group, said in a press release that the new premises will enable Gael Force Fusion to continue with its plans to invest in innovative fish farm pen systems, research and development, technical design and manufacturing.
It added that by committing to an investment at the site, Gael Force is supporting its 22 skilled workers in the Oban area and, subject to necessary planning consents, will be seeking to create a further eight jobs.
A planning application is being prepared for change of use of the site and will be submitted to Argyll and Bute Council shortly.
Gael Force managing director Stewart Graham said: “This is a clear indication of our commitment to the Argyll region where we will be aiming to regenerate an existing unused business premises to support our continued strategic growth plans and large programme of work.
“The positive outcome of our investment is that we are able to support our current workforce, move ahead with our plans for creating further sustainable jobs in Argyll and contribute to the economic stability in the area.
“This development is another strong signal that the aquaculture sector is playing a leading role in creating sustainable careers and supporting the rural economy.”