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    Reference: 20150605
    Release date: 16 October 2015

    Promoter – Financial Intermediary

    SLM Partners LLP

    Location

    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)

    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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Ireland Agriculture, fisheries, forestry