£1million woodland fund could benefit landowners from London to the West Midlands

13 November 2017

The government has announced a new £5m fund as part of the HS2 project to create and restore native woodlands. The scheme will open in January 2018 and Savills forestry team is urging landowners to submit applications as early as possible to avoid missing out.

The first £1million will be administered through the Forestry Commission and will target woodland areas within a 25 mile buffer along phase one of the HS2 route from London to the West Midlands*. This fund will support both new woodland creation and the restoration and improvement of existing plantations on ancient woodland sites (PAWS).

The grant will cover up to 100 per cent of standard costs with woodland creation attracting up to £8,500 per hectare and replanting ancient woodland after felling up to £4,000 per hectare. There are also additional payments for fencing and other capital items as well as 10 year maintenance payments for woodland creation.

Oliver Thompson, senior forestry manager in the forestry team at Savills in the Midlands is undertaking applications on behalf of landowners. He comments: “This unique opportunity allows landowners to expand their native woodland cover and enhance biodiversity using a newly created funding stream through HS2. The 10 year maintenance payments will help ensure woodlands are maintained and effectively established.  The long awaited restocking grant will allow landowners and managers to continue with the restoration and enhancement of sensitive ancient woodland habitat, especially where cash flow is a limiting factor. 

“The funding is expected to close in April 2020, but this will be subject to remaining budget availability so we would urge interested applicants to contact the Savills Woodland and Arboriculture department to advise further.”

 
 

General Enquiries

Savills Nottingham

 

Key Contacts

Oliver Thompson

Oliver Thompson

Senior Forestry Manager
Rural, Energy & Projects (REP)