Investment Plan for Europe: EU confirms multi-million euro support for Irish forestry sector

European Commissioner Phil Hogan, along with Minister Doyle and European Investment Bank Vice President Andrew McDowell, and Director of the Irish Strategic Investment Fund Eugene O’Callaghan last week announced major new EU investment in Irish forestry. The package will bring €200 million of new investments to the Irish forestry sector. This represents the first Irish agricultural project to be backed by the European Fund for Strategic Investments, the heart of the Investment Plan for Europe. Commissioner Phil Hogan was at the announcement in Wicklow in recent days and said: “Forests help to keep our rural areas vibrant and sustainable, providing over three million jobs in the EU. They also play a major role in the protection of EU biodiversity and represent a key sector in the transition towards a low-carbon and climate friendly economy. Continued investment in the sector is therefore a win-win for our economy, for our local communities, and our environment.”
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