Gresham House has raised an initial £127m (€149m) for its forestry fund, with backing from investors including the Scottish National Investment Bank.

"As investors increasingly focus on sustainable investments, forestry is emerging as one of the most impactful solutions, which combats climate change and enhances biodiversity, while also serving as an excellent investment diversifier and producing meaningful uncorrelated returns,” says Olly Hughes, managing director of forestry at Gresham House.