(11 years, 10 months ago)
Lords ChamberMy Lords, we recognise concerns about the future funding of the estate. However, we continue to face very challenging financial circumstances, requiring hard choices to be made across the whole public sector. The Forestry Commission and the public forest estate have had to bear their share of the cuts that we have had to make to bring public spending under control. Nevertheless, we want to ensure that the public forest estate can continue to provide a high level of public benefits. We are therefore carefully considering the estate’s financial needs for the long term. In particular, we want to place it on a secure financial footing for the future by enabling it to generate as much income as possible through its commercial activities without having to resort to unsustainable land sales to make ends meet.
My Lords, like my noble friend, I declare an interest as a forestry owner. Does he agree that the present situation, under which the Forestry Commission is my competitor but also my regulator, is intolerable, and will the new arrangement reverse that situation?