Written answers

Thursday, 23 February 2017

Department of Agriculture, Food and the Marine

European Investment Bank Loans

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail)
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373. To ask the Minister for Agriculture, Food and the Marine his plans to provide EIB cheap loan finance for the purchase and the planting of land in forestry in view of the importance of forestry to the country; and if he will make a statement on the matter. [9396/17]

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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It is a matter for the European Investment Bank(EIB) as to whom it provides loan finance and for what purpose.

While my Department does not provide finance for the purchase of land for forestry, the Government recognises the importance of the forestry sector in Ireland by providing 100% establishment grants to land owners to encourage them to plant, as well as premium payments for 15 years.

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