AU$110m for Gippsland Plantations Programme
Friday 16 Oct 2020The Victorian Government has committed a record AU$110 million to invest in growing Victoria’s plantation wood supply through the establishment of plantations in Gippsland via the Victorian Forestry Plan’s Gippsland Plantations Investment Programme.
In 2019 the Victorian Government announced the Victorian Forestry Plan to cease native forest harvesting in State Forests by 2030. As part of the plan, Victorian industries relying on native forest sourced wood are being supported to move to a plantation-sourced wood supply https://djpr.vic.gov.au/forestry/plantations
The Gippsland Plantations Investment Program is currently seeking private sector investment to assist in boosting timber plantation supply in Gippsland. The Victorian Government is seeking Expressions of Interest from experienced and capable plantation investors, developers and managers who are interested in expanding their plantation forestry portfolio in a manner that is sensitive to environmental and community values and creates jobs.
Successful respondents to the Expressions of Interest process will contribute to informing design of the program, ahead of a final competitive program application process. Interested parties will need to respond to the Expressions of Interest Guidelines providing detailed evidence to support their claims of capital contribution, plantation development experience and responsible and sustainable forest management.
The Expression of Interest Guidelines can be accessed via the Buying for Victoria portal. The Expression of Interest process is open until Friday 6 November 2020.
Comment from industry on the plan can be found in the story below.
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