Crown Estate: Wind Power
The question
To ask the Chancellor of the Exchequer, whether the Government plans to reinvest a share of Crown Estate income from the Celtic Sea Floating Offshore Wind Leasing Round 5 into local economic development in Neath Port Talbot.
Answered by James Murray
The Crown Estate pays its entire net profits into the Consolidated Fund each year, contributing to the funding of public services across the UK, including in Wales.
The Crown Estate is taking steps to ensure that Wales benefits from offshore wind development. It has launched a £50 million Supply Chain Accelerator, with four Welsh-based projects successful in the first funding round, to support early-stage supply-chain proposals. Alongside the Supply Chain Investment Programme, this aims to unlock capacity constraints, accelerate project delivery and create local economic opportunities, including jobs and skills development in Wales.
The Crown Estate’s Round 5 Agreements for Lease also include contractually enforceable social value and economic commitments. These obligations are designed to translate leasing agreements into tangible outcomes for communities .
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →