Economic impacts

Assessing the Investment Returns from Timber and Carbon in Woodland Creation Projects: Research Note

The voluntary carbon market for new woodlands has been growing in recent years. This research note examines the impacts of carbon credit sales on the financial returns to planting woodland.  It applies investment appraisal techniques to estimate the financial viability of woodland creation for five different woodland types – taking account of both carbon and timber receipts - and examines the implications for rotation lengths.

English Forestry Contribution to Rural Economics: Final Report

A study investigating the linkages between all aspects of economic activity reliant on forestry production and processing in England.  The output of this investigation is the quantification of forestry's contribution in terms of net output, gross output and employment to both the national and rural economies.  Recreational activities have been excluded from this assessment and will be the object of another study.

Scoping and Specifying a Dual Economic Analysis of Forestry in Scotland and Scotland's National Forest Estate

This scoping study examines how the economic contribution of forestry in Scotland migh tbe analysed, including the employment and income generated by the National Forest Estate.

Scottish Forestry: An Input-Output Analysis

A study to quantify the magnitude of the forestry sector's contribution to the Scottish economy.  By confining the analysis purely to the links arising from production and processing and ignoring the other benefits provided by Scottish woodlands (such as recreation, biodiversity, tourism and enhanced landscapes), the study is limited in scope.  However, it focuses on an important component of the sector's overall contribution to the Scottish economy, and one which is essential to a more comprehensive assessment of the value of Scottish forestry.

The Economic Impact of British Forestry

This study presents estimates of the economic impacts of forestry in the UK. The first part offers an economic view of the industry in a policy context, and covers the main conclusions from the analysis. The second part sets out the detailed methodology behind the measurements, with scenarios presented in part 3. The report was carried out on behalf of the Forestry Commission by PACEC and Cogentsi, and completed in January 2004.


Value from Supporting Local Forestry Businesses: A Scoping Study

This study, carried out by EFTEC, reviews existing literature on valuing ecosystem services produced by Britain's forests, identifies gaps in the evidence base and suggests future research priorities whilst highlighting key challenges and uncertainties that could arise from the valuation of ecosystem services. There is also a case study which considers practical market opportunities for forest ecosystem services. 

Valuing Forest Recreation Activities 2006: Final Phase 2 Report

This research aims to estimate the local economic (income and employment) impacts of forest recreation, to estimate changes in forest visitors’ welfare associated with improvements to the recreational facilities provided in forests and to examine how the recreational values vary across different forest users and uses.

Valuing Forest Recreation Activities 2006: Phase 1 Report

This research aims to estimate the effect on consumer surplus of changes in the provision of key forest recreation facilities, to examine the heterogeneity of recreational values across different forest users and uses and to estimate the economic impact of forest recreation activities.

Valuing Forest Recreation Activities 2006: Summary

The study looks specifically at recreational users of forests, with the first stage focusing on the local economic impacts of visitors.

Valuing Forest Recreation Activities 2006: Technical Annex

This technical annex provides further details of the theory, methodologies, and analysis used in the Forestry Commission's commissioned report 'Valuing Forest Recreation Activities'.

Welsh Forestry Multiplier Study: Final Report

The purpose of this study was to improve the understanding of the role of the forestry industry in the Welsh economy. The forestry industry was defined to include the activities of private forestry owners, Forest Enterprise, forest management companies, timber harvesting, extracting, haulage and marketing companies, and primary processors including sawmills, wood-based panel manufacturers and paper mills. The research was informed by an extensive questionnaire and interview survey of forestry industry organisations. The financial information generated by the survey was incorporated into an input-output model of the Welsh economy to allow the indirect or 'multiplier' impacts of sector changes to be estimated.