Wednesday, 2 February 2011
Selling off England's public forests could cost the nation more than it would save
Selling off England's public forests could cost the nation more than it would save, according to an official government document that emerged last night. According to the Defra report, the proposal to transfer heritage forests – including the New Forest in Hampshire and the Forest of Dean in Gloucestershire – to a conservation charity would cost £507.9m but yield benefits of only £495.9m. Although the value of these woodlands on the open market is estimated at £220m, the report describes them as "unsellable at a political and practical level" and says the option is therefore "unviable". Selling or leasing the large-scale commercial woodlands would cost between £579.1m and £748.7m but yield benefits of between £573.1m and £737.8m, the document says. Selling the other "community woodlands", valued at £50m, would involve costs of £234.1m and bring in benefits amounting to only £231.9m.