EIB backs Irish forestry project

The European Investment Bank (EIB) is to invest €12.5 million in a forestry project in Ireland. “The European Investment Bank is pleased to work with SLM Silva Fund to improve sustainable practices in Irish forests. The new EUR 12.5 million investment builds on the EIB’s recent support for forestry and agriculture in the country and will demonstrate how best practice in Ireland’s world-class forestry industry can take better account of the need to safeguard biodiversity, soils and landscapes, and help resist the threats associated with climate change.” said Andrew McDowell, Vice President of the European Investment Bank responsible for Ireland.

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