Prime Minister of Tasmania – Support for Tasmanian Timber Supply

July 21, 2022

Guy Barnett, Minister of Resources





The Tasmanian Liberal Government has a strategic approach to ensuring long-term sustainable timber resource security to support our forestry and wood products sector.

A new $300,000 program has been launched to invest in pilot projects to meet wood supply needs.

The Wood Supply Co-Investment Program will include six projects which will be supported by Private Forests Tasmania (PFT).

Individual projects will receive up to $50,000 in cash from PFT, with successful applicants co-investing in the future of the industry through matching funds or in-kind support.

Significant work has been undertaken in Tasmania to identify industry and community supported priorities to support timber supply.

These priorities include:
● new plantations integrated into the agricultural landscape to provide additional wood in the long term (trees planted today will provide an additional resource from around 2050);

● use existing plantation resources to provide additional wood in the short to medium term (by shifting short-rotation plantations from pulp-based crops to solid wood/sawlog or wood products regimes). engineering for domestic use from about 2030-35); and

● active management of private native forest resources – to provide additional timber in the short to medium term (through active management and selective harvesting of the approximately 322,000 hectares of independent private native forests, which are commercially viable and available for sustainable harvest). management regimes, from 2022).

Afforestation and active management of existing private forest resources is a natural climate solution.

Production forests can reduce the impact of climate change through carbon sequestration by wood products as well as carbon stored in soil and vegetation.

Since its inception, PFT, which receives annual funding from the Government of Tasmania, has supported projects and activities aimed at facilitating the establishment, maintenance and development of the state’s private forest resources to meet timber and fibers of the Tasmanian community.

Tasmania has an innovative forestry sector that champions sustainability. The Wood Supply Co-Investment Program is another example of industry working together to improve the state’s economy and ecology.

The total funds available for the program is a maximum of $300,000, made up of six pilot projects receiving grant assistance of up to $50,000 each from PFT.

The program will allocate funds based on expressions of interest received from Tasmania’s forestry or allied sector.

Applications close August 19, 2022. Further details can be found at www.treealliance.com.au

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