Forest Industries Innovation Fund Loan Scheme NSW


The Forest Industries Innovation Fund Loan Scheme provides NSW forest industry businesses with long-term, low interest loans. Loans are available for projects that support innovation and the exploration of new markets for forest products.
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What do you get?

Low interest loans of up to $3 million.

Who is this for?

Businesses in the forest industry.

Overview

Forest Industries Innovation Fund provides long-term, low-interest loans to forestry industry businesses to support projects which:

  • improve the profitability of the NSW timber industry and drive employment growth
  • drive new investment and innovation to enhance the NSW forestry industry
  • position the NSW forest industry to adjust and capitalise on new opportunities

Loans of up to 100% of the net, GST exclusive cost of the works to a maximum of $3 million per project are available.

Loans are offered at a fixed rate of 2.5% over a maximum period of 20 years.

What are the eligibility criteria?

To be eligible, you must:

  • own or manage a business involved in the forestry industry, includin
    • plantation and / or native forest operations
    • forest product processor / milling operations
    • silvicultural or forest harvest / haulage contracting
    • production or development of forestry inputs or outputs, including market development
  • have an Australian Business Number (ABN)
  • demonstrate that your business has long-term viability and can meet the loan repayments
  • provide security for the loan
  • agree to undertake periodic reporting requirements or undergo periodic site visits and auditing to evaluate whether the project is achieving its objectives

Find out more about the eligibility criteria at Forest Industries Innovation Fund Loan Scheme.

How do you apply?

Find out more about how to apply at Forest Industries Innovation Fund Loan Scheme.