PROSPECTUS - THE PREMIER IRISH FORESTRY FUND PHASE II PLC.

Page 7.

HOW IS FORESTRY BEING ENCOURAGED AND FUNDED.
(Summary from the Afforestation Grant and Premium Schemes booklet issued by the Department of the Marine and Natural Resources)

On acquiring land deemed suitable for forestry, an AFFORESTATION GRANT  is applied for. This grant, paid by the EU and irish Government covers the following:

• All ground preparation operations.
• Scrub clearance where necessary.
• Plants.
• Planting.
• Fertilisation.
• Fencing.
• Fire control.
• Weed control
• Shaping of broadleaves

A MAINTENANCE GRANT to cover the cost of maintenance is also payable to eligible applicants  4 years after the date of planting. An annual premium of £50 per acre  is payable under the scheme to eligible applicants by the EU. 

WHAT ENVIRONMENTAL FACTORS WILL BE ASSESSED IN CONSIDERING AN APPLICATION FOR AN AFFORESTATION GRANT?

The following aspects will be considered in consultation with the agencies indicated:

Sensitive wildlife habitats (Natural Heritage Areas / SAC's):
National Parks and Wildlife Service.
Archeological sites and monuments.
National Monuments & Historic Properties Service.
Drinking Water Supplies.
Local Authorities.
Outstanding Landscapes and high amenity areas:
Local Authorities.
Fisheries:
Regional Fisheries Boards.
In addition the design of the plantation in relation to size, shape, species diversity, edge design and distances from houses and roads will also be taken into account. Local authorities are also consulted on all applications over 25 hectares.

Index.