Forestry Minister Shane Jones has announced an additional $58 million to enable further development of the forestry sector. Forestry is worth over $6 billion to our economy and is our third largest export earner, it is pivotal to job creation and regional development.
New Zealand First has consistently championed the need to invest in our forestry sector and emphasized its importance to regional New Zealand. The forestry sector will assist in creating sustainable jobs in the regions that will enhance economic development opportunities, and build resilient and well supported communities.
“The One Billion Trees ambition is so far ahead of target and the Wellbeing Budget is delivering $58 million in additional funding to ensure this remains the case while also catalysing further transformation of such an important sector,” says Mr Jones.
The funding will enable the building of new premises in Rotorua, at the heart of the forestry sector. This will allow the sector to increase its regional presence to ensure foresters and landowners have the support they need. It is expected that up to 25 forestry-related jobs will be based there. Along with this Te Uru Rākau is undertaking work to capture and add value to the sector through strengthening the domestic market for wood products and working closely with the sector to support investment in forestry.