Forestry Minister Shane Jones has announced $58 million to enable further development of the forestry sector. Forestry is worth over $6 billion to our economy, is our third largest export earner, and 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. This investment will help the industry realise its potential, producing sustainable jobs and building resilient and well supported communities in our provinces.
“The One Billion Trees ambition is ahead of target. The Wellbeing Budget is delivering $58 million in funding to ensure this remains the case while also catalysing further transformation of such an important sector.” Mr Jones said.
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.