Værøy is centrally located in relation to fishing resources and fisheries, and has several competitive advantages for establishing a business. The municipality has expert competence within the seafood industry. In one of Norway’s most productive fishery communities. There are also opportunities for other marine industries, such as seaweed, kelp or fish farming.
In terms of tourism, Værøy has immense potential that has yet to be released. The municipality has recently become a popular tourist destination with an increased number of visitors.
The Municipality of Værøy has an active business fund with a first-line function for start-up companies.