Pritesh Ladwa, who describes himself as a CEO-director of several companies on Facebook, was given the grant to beautify a former Orgreave colliery site at Waverley in South Yorkshire but failed to deliver.
Ladwa had denied fraud but was jailed at Birmingham Crown Court this week.
"There was no forest where a forest should have been," prosecutor Daniel Oscroft told the court.
It is believed he blew up the money on his high-flying lifestyle.
Jurors were told that Ladwa won the grant from the English Woodland Grant Scheme, run by the UK's Forestry Commission to create new woods for the public to enjoy.
He told the commission that all the work had been done in March 2014 - but later claimed the site had been targeted by vandals.
He was caught out when two experts from the commission visited the land.
Ladwa claimed he and a friend planted some trees and migrant workers had been paid cash-in-hand to plant the rest.
However, the court did not buy his version of the story and jailed him for 27 months.
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