The Australian Government has announced a $150 million investment to support forestry industry growth, including funding aimed at transforming wood-product manufacturing and expanding domestic processing capabilities. Announced on 3 September, the funding will be delivered through five streams under the Forestry Growth Fund, with up to $85 million earmarked for large-scale investments in modern wood-product processing, value-adding and facilities designed to significantly transform manufacturing capabilities. A further $30 million will support innovation aimed at improving efficiency and productivity across the forestry supply chain, while up to $15 million will be allocated to workforce development. The government will also provide up to $15 million in additional support for plantation establishment to increase the supply of domestic forest resources for Australia’s manufacturing and construction needs. Another $5 million will fund tools to support compliance with illegal logging laws and reduce the risk of illegally logged or conflict timber entering supply chains.