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The fund will protect jobs, Eby said, by helping forestry companies launch shovel-ready projects and produce higher value products like mass timber. The focus will be on the areas hardest hit by changes in the forestry sector and up to $10 million will be available per capital project. B.C. Premier David Eby said a new $90 million fund fund will protect jobs by helping forestry companies launch shovel-ready projects and produce higher value products like mass timber.Eby said it’s too soon to say whether such a fund could reverse the downsizing announced by Canfor. “It’s all very fresh,” he said.
“This works well with government͛’s new initiatives to increase fibre supply for the pulp sector by expanding wildfire salvage opportunities, reducing slash burning and doing more to ensure waste is removed from the bush,” Nemeth said in a statement.