New Planting Grant Scheme with Western Forestry Co-op
New Forest Premium Rates 2018
The new grant and premium rates as outlined below are applicable to all financial approvals (Form 1(a)) that receive approval from 21 February 2018. Any landowner with an earlier financial approval who has not submitted a Notice of Substantial Commencement (Form 1(b)) yet may withdraw the earlier financial approval and reapply.
Establishment Premium Rates (From 21 February 2018) (€/ha)
| Grant and Premium Category (GPC) | Annual Premium Rate <10ha(€/ha) |
Annual Premium Rate >10ha(€/ha) |
Premium Duration (years) |
|---|---|---|---|
| GPC1 – Unenclosed | $185 | $190 | 15 |
| GPC 2 – Sitka spruce / Lodgepole pine | $140 | $450 | 15 |
| GPC 3 – 10% Diverse Conifer, e.g. Sitka spruce and 10% broadleaves |
$510 | $520 | 15 |
| GPC 4 – Diverse Conifer, e.g. Scots pine, Douglas Fir | $590 | $600 | 15 |
| GPC 5 – Broadleaf, e.g. sycamore | $605 | $620 | 15 |
| GPC 6 – Oak | $645 | $660 | 15 |
| GPC 7 – Beech | $645 | $660 | 15 |
| GPC 8 – Alder and Birch | $605 | $620 | 15 |
| GPC 9 – Native Woodland Establishment (oak-birch- holly-hazel) |
$665 | $680 | 15 |
| GPC 10 – Native Woodland Establishment (alder-oak) | $665 | $680 | 15 |
| GPC 11 – Agroforestry | $645 | $660 | 5 |
| GPC 12 – Forestry for Fibre | $510 | $520 | 15 |
The afforestation grant scheme includes a 100% establishment grant which covers the cost of planting your land (cultivation, Trees, planting, fertiliser, fencing, vegetation control and 4 years maintenance) and an annual income tax free premium payment for 15 years.
What are the benefits of Forestry?
- Tax Free income for 15yrs
- Retain your Full Single Farm Payment
- Full planting grant – costs you nothing
- Retain 100% ownership of Trees and Land
- Timber is a Secure Pension Plan
Your local Western Forestry Co-op forester will call out and inspect your land for Free, explain the scheme and options to you and submit an application for afforestation approval on your behalf. You are under no obligation to plant your land when you receive this approval and an approval is currently valid for 36 months,
so you have time to decide if forestry is the best option for you. Please note that an application for approval can take 3 – 6 months so apply now and you will have the choice of planting next spring.
Please contact Western Forestry Co-op for more information.
Sligo: 071-9161458 Mayo: 094-9542668
email: info@westernforestrycoop.ie
