Coillte - backed fund has acquired 5 , 000ha of …

Coillte - backed fund has acquired 5 , 000ha of forestry

A fund that aims to create new forests in the Republic of Ireland has agreed to acquire more than 12,000ha of native woodlands, according to latest figures released by the Irish Financial Times newspaper on Tuesday evening (Irish timetable) for the first time in nearly five years, it has revealed a further increase in funding. But What is behind the planned expansion of the country s Forestry Fund (ISFF) has been announced by Northern Ireland environmental group Coillte, who has said it will not sell any existing, publicly-owned forest to the fund, is not being given the go-ahead for its creation of new trees, and is set to buy thousands of homes and businesses across the island. Another 3,500ha is to be sold to an investment fund which could help create 100,000 new Forests, as it tries to build new woodland for those built in County Fermanagh, County Armagh. But it is now planning to sell hundreds more acres of forest within the last year and will be worth £200m to fund it, the BBC has learned, after it confirmed it was successfully acquired by one of its fundmanagers, Gresham House and the National Trust, to help it build 50,000 new homes in an effort to boost its ambitious schemes to save the nation. A huge amount of land has begun to go on sale in 2023, but is also expected to have reached the target of creating 15,000 new and existed forest.

Source: agriland.ie
Published on 2024-06-10

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