Over 22,000 people are employed in NSW in forestry and associated manufacturing – the majority in Regional NSW. The $2.8 billion NSW forestry and wood product manufacturing industry is a significant economic driver for regional NSW, with a softwood plantation sector industry (pre-fires) value of around $2.24 billion and native forestry sector industry value of $560 million.
On the South West slopes around 40 per cent of softwood plantations have been lost in the fires; While on the North Coast around 50 per cent of private and public hardwood forests have been burnt.
The impacts of the fires will have a significant affect not only on timber growers but also on downstream parts of the industry such as manufacturing.
This package will provide financial assistance to forestry businesses that have been impacted by the bushfires from 31 August 2019 to assist with haulage of burnt timber from out of area forests.
The eligible activities and costs have been determined through the development of the Forestry Recovery Plan available on the Bushfire Industry Recovery Package website.