The Albanese Labor Government released a Timber Fibre Strategy which sets out a pathway for the future growth of Australia’s proud forestry industry. The Timber Fibre Strategy sets out 128 ambitious actions for industry and governments to help build a sustainable, world leading sector. …A key opportunity identified in the Strategy is for the forestry sector to play a bigger role in tackling Australia’s housing challenges and delivering on the Government’s ambitious housing agenda. The Albanese Labor Government is investing $300 million in the future of the forestry industry, which includes:
- Over $100 million for transformative research, development and innovation through Australian Forest and Wood Innovations,
- Over $100 million to support the medium and long-term sustainability of our wood processing sector through the Accelerate Adoption of Wood Processing Innovation program,
- Over $73 million to expand Australia’s future wood supply through the Support Plantation Establishment program, and $10 million in the industry’s training needs through the Forestry Workforce Training Program.