The Albanese Labor Government is today releasing the Timber Fibre Strategy which sets out a pathway for the future growth of Australia's proud forestry industry.
The Timber Fibre Strategy sets out 128 ambitious actions for industry and governments to help build a sustainable, world leading sector with products that are in demand domestically and internationally.
The Strategy's development was led by the Albanese Labor Government's Strategic Forest and Renewable Materials Partnership and guided by close consultation across the forestry sector.
The Timber Fibre Strategy charts a course for the forestry industry to embrace the future and help solve challenges facing the forestry industry, and the nation.
A key opportunity identified in the Strategy is for the forestry sector to play a bigger role in tackling Australia's housing challenges and delivering on the Government's ambitious housing agenda.
The Albanese Labor Government is investing $300 million in the future of the forestry industry, which includes:
- Over $100 million for transformative research, development and innovation for the timber industry through Australian Forest and Wood Innovations,
- Over $100 million to support the medium and long-term sustainability of our wood processing sector through the Accelerate Adoption of Wood Processing Innovation program,
- Over $73 million to expand Australia's future wood supply through the Support Plantation Establishment program, and $10 million in the industry's training needs through the Forestry Workforce Training Program.
The Government will work closely with the industry, and with states and territories, to respond to the Strategy.
