Money available for new Grown in Britain carbon woods
Do you want to plant trees but need a bit more finance for it to ‘stack up’ ? Then look no further than the Grown in Britain Forest Carbon Scheme.
Grown in Britain’s partnership with Forest Carbon Ltd, led to the first GiB forest, at Cranborne in Dorset, in early 2014. The partnership continues to develop and we are now launching a new search for woodland creation projects to support where grant aid and future timber revenue alone are insufficient to make a convincing financial case for planting.
Dougal Driver CEO of Grown in Britain says:
“This is a great opportunity to expand our woodland cover, create fantastic places to enjoy and boost our wood supplies over the longer term. Our delivery partner, Forest Carbon Ltd is the leading developer of woodland creation projects certified under the Woodland Carbon Code which is a government backed standard developed by the Forestry Commission.
“In addition all of the woodlands created within our scheme must have a compliant UK Forestry Standard Management Plan in place and we will award a Grown in Britain licence to all of the successful woodlands”
Like timber and grant income, carbon cash is tax-free. Forest Carbon will arrange payment to the land-owner as soon as planting is complete and a back-to-back sale contract is in place. The quantum of carbon capture and hence sale value depends on species mix, yield class, management regime and contract duration. Forest Carbon will provide a rapid response to any project enquiry.
Stephen Prior of Forest Carbon says:
“We would like to talk to any interested parties who are considering planting new woodlands. Projects of at least 3 hectares are preferred, although smaller projects would not be rejected if they had particular public access or environmental merit. Public access of some form is key to projects under the Woodland Carbon Code and as with all Grown in Britain schemes, we want to see a strong emphasis on economic productivity to supply the demand that this great initiative is creating”
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