The overall objective of the ERA-NET Cofund Action “ForestValue – Innovating the forest-based bioeconomy” is to promote increased innovation and competitiveness of the forest-based sector in Europe and support its transformation from a resource-intensive to a knowledge-intensive, productive, resource-efficient and resilient sector. Sustainability and modernisation of forestry systems and downstream value chains including innovative business concepts and production technologies will be needed to develop the forestry sector and the European bioeconomy, of which forestry accounts for a large share.
The consortium consists of 30 partners representing different programmes in the bioeconomy funding sector, coming from different regions and countries inside/outside Europe.
ForestValue builds on the success of three forest-based ERA-NETs: WoodWisdom-Net (running since 2004, the present phase WoodWisdom-Net + running under the FP7 ERA-NET Plus Scheme 2012-2017), SUMFOREST (Tackling the challenges in sustainable and multifunctional forestry through enhanced research coordination for policy decisions, 2014-2017) and FORESTERRA (Enhancing forest research in the Mediterranean through improved coordination and integration, 2012-2015).
In total, these three ERA-NETs behind ForestValue have had national investments of around 67 MEUR to a variety of trans-national co-funded RDI projects (64 funded projects), the total volume of these projects being around 86 MEUR. Now, after the joint effort under the ForestValue ERA-NET Cofund, the total volume of national investments is expected to grow with another 25 MEUR, which means that since the first ERA-NET in 2004 the total national investments into forest research through these networks of national funders will be up to more than 100 MEUR.