Regional forestry hub announcement welcomed
The Bunbury-Geographe Timber Hub was announced as one of four hubs that will share $12.5 million of Federal Government funding on Saturday.
Federal Member for Forrest Nola Marino said the selection of the South West as one of four pilot Regional Forestry Hubs was exciting.
“The assessments that come from the South West Hub will provide industry with regional data that is not currently available, bringing potential to support new investment in the sector,” Mrs Marino said.
“This will assist our region to identify future investment and other opportunities for the forest industries in rural and regional Australia.
“For the South West communities, the Regional Forestry Hub also has the potential to create rural and regional jobs.”
The plan aims to deliver a billion new trees across the country to meet a projected quadrupling of global demand for timber products by 2050.
Forestry Industries Federation of WA acting chief executive officer Matt Granger welcomed the announcement.
“The industry is keen to speak with the Federal Government about how this funding can help ‘turbocharge’ the Bunbury-Geographe Timber Hub, and how the $12.5 million will be distributed,” he said.
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