Blackfinch Property has completed on a £4.4m, six-month loan to fund the acquisition and reforestation of a large area of land in Scotland.
Marking the English investment firm's first deal in the commercial forestry sector, the money will create local job opportunities, while improving air and soil quality, reducing flood risk and increasing biodiversity.
Previously used for livestock, the 650 hectare site in Dumfries and Galloway will now be used for commercial forestry, helping produce sustainable building materials and contributing towards the government’s plan for future woodland expansion to cover 21% of Scotland by 2032.
