The Australian Government has opened applications for the new Forestry Growth Fund, unlocking $150 million in concessional finance aimed at strengthening and modernising the wood product manufacturing sector.
 

Delivered through the National Reconstruction Fund Corporation (NRFC), the fund is designed to support projects that lift processing capability, expand production, and increase the value of timber outputs—particularly those used in housing construction.
 

The funding targets businesses looking to invest in areas such as mass timber, engineered wood, and high-value secondary processing. It is also focused on helping manufacturers develop more competitive, advanced operations that can meet growing demand across the building and construction supply chain.
 

A key feature of the Forestry Growth Fund is its concessional structure. With a lower benchmark rate of return than the NRFC’s General Fund, it allows investment in earlier-stage proposals, first-of-a-kind projects, and initiatives with significant upfront capital costs or longer repayment periods. This opens the door for businesses that may not otherwise meet traditional financing thresholds.
 

How to apply
The Forestry Growth Fund is now open for applications. Businesses can register their interest by completing the online webform, outlining their business and/or project and how the fund could support their plans.
 

Once submitted, an NRFC investment professional will make contact to discuss eligibility and assist with progressing a formal proposal for investment.
 

For more information and to apply click here  
 

For timber and hardware businesses, particularly those considering expansion, diversification, or value-adding opportunities, this fund presents a significant opportunity to access patient capital and accelerate growth in a changing construction landscape.