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The DAFM gave the go-ahead for Coilte to ‘do a deal’ with Gresham House last summer, claims Sinn Féin

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Sinn Féin’s Matt Cary has claimed that the Department for Agriculture approached Gresham House on the formation of a commercial forestry investment fund last summer to “do a deal”, providing Coilte with the “go-ahead” he needed.

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Addressing his party’s motion against the new team-up between the semi-state forestry business and the UK asset manager, which will allow Irish/foreign investors to buy/plant C4,000 hectares of vacant land with DAFM grants and premiums and C8 000ha of existing forestry over the next five years, Deputy Carthy said he had only received new information on the arrangement yesterday.

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