Release date: 16 October 2015
Promoter – Financial Intermediary
SLM Partners LLPLocation
Description
Investment fund targeting forestry assets in Ireland
Objectives
The fund will invest in forest assets in Ireland with the aim of transforming clearfell plantations to more sustainable continuous cover forestry. This will also involve the introduction of native broadleaf species in what today are monoculture forests of Sitka spruce. This will be supplemented by afforestation on new land when the opportunity is available.
Sector(s)
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
Proposed EIB finance (Approximate amount)
EUR 12 million
Total cost (Approximate amount)
EUR 50 million
Environmental aspects
The project will contribute to an increase in biodiversity where native broadleaf trees are introduced and as a result of managing forests under the continuous cover forestry management system.
Procurement
The fund's investment guidelines will be required to ensure that procurement procedures applied by the underlying investments financed by the fund are in line with the provisions of the EU Procurement Directive. Details will be verified during appraisal.
Status
Signed - 28/03/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).