Wood biomass is an important renewable source of energy, especially in countries with traditional dependency on forestry resources. In these countries, wood biomass can have numerous positive socio-economical and environmental effects. This paper presents a new model (SCORE model) for estimation of 15 socio-economic and environmental aspects of increased use of biomass from the forests. The presented model enables selected estimation of different aspects in the whole chain of biomass production, preparation and use. Namely, the model enables the estimation of net labour income, net profit, regional public finance income, net direct jobs, net indirect jobs, net induced jobs, total net jobs, contribution to forest management, impact on wood waste utilisation, impact on other woody biomass utilisation, avoided costs of landfill, saving CO2 emissions, possible impact on regional unemployment, avoided costs of unemployment, additional jobs for farmers, additional activities on farms (from indirect and induced jobs) and self-sufficiency in electricity production. The SCORE model was tested in selected regions in Slovenia and Croatia and apart from a good understanding of the socio-economic and environmental aspects, it also enables an overview of the economy of wood biomass production, given that it includes the economic analysis of wood biomass production and use. The model is not intended for a detailed economic analysis of separate phases of wood biomass production, processing and use, but particularly to show advantages or disadvantages that can result from planned and existing biomass systems.