A comprehensive review of the socio-economic contribution of forests was recently completed by Dr. Peter Bacon, of Peter Bacon and Associates, Economic Consultants. This independent Report, commissioned by IFIC, IFA and the self-assessment companies, demonstrates that for every one euro spent by the State on forestry, the economy will get a return of €1.59. The study also outlined key benefits from forestry such as:

• Sustained employment in rural areas.
• Creation of a critical mass of raw material supply, which will underpin a sustainable industry.
• Significant contribution to the attainment of Ireland's greenhouse gas emission targets through the creation of a carbon sink.
• Creation of added value opportunities, particularly in rural areas. The current value of the forest industry is €500 million, and
• Increasing the leisure and recreational value of the country.

Click here to read the full report. (PDF, 625kB)