THE Federal Coalition Government will invest more than $86 million over five years to support the establishment of new forest plantations to lock-in future wood supply.

The Government will look to partner with the NSW Government to deliver this through a grants program, backing in a key component of the National Forest Industries Plan.

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Federal Member for Lyne Dr David Gillespie said that the forestry sector was a huge employer in the region and growing the plantation estate would ensure that continues into the future.

“This program is about getting more trees in the ground and ensuring forest industries in our region have a long-term future,” Dr Gillespie said.

“This is the largest direct investment of any Australian Government in plantation establishment for more than 30 years.

“We want to partner with NSW to grow this renewable, sustainable industry so that it can continue to create jobs here and deliver quality, Australian-made products to markets.

“This investment, made in partnership with states and territories and industry, will create local jobs, not just in the planting phase, but in 25 or 30 years’ time when that wood is harvested and processed into a truss or a timber frame.”

For more information on the program visit: www.awe.gov.au/agriculture-land/forestry.