Forestry
A proposal to establish a new forestry fund that citizens could invest in, which was brought to the...
Agri-Business
Environment Minister stopped in his tracks by the Labour Party leader in the Dáil who asked has "Coillte gone rogue on the government?"
Coillte has "turned its back on Irish famers" by backing the Gresham House forestry fund, the Rural Independent Group has said.
Coillte needs to change, the Minister for the Environment, has said after further heated Dáil exchanges over a controversial forestry fund.
Coillte wants to invest €10 million in the Gresham House forestry fund, with which it has "an operational management agreement".
The Gresham House, Irish Strategic Forestry Fund, backed by Coillte, was "operational" from December last year, according to minister.
Senior representatives from Coillte, which is supporting the controversial Gresham House forestry fund, have met with government ministers.
Financial supports for forestry could leave Ireland and go to corporate investors rather than farmers a group has warned.
Forestry fund backed by Coillte has sparked concerns among farmers who fear it could potentially distort the land market.
The UK listed asset management company, Gresham House, has launched a new €200 million Irish forestry fund.
