The Crown Estate • 2008 Capital Value of £7.3bn • Net revenue all paid to UK Treasury £200 Million + • The Crown Estate is a landowner not a regulator. It is not part of Government but works closely with Government Departments, the devolved administrations, statutory bodies and other key stakeholders.
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CBI Energy Conference: Dermot Grimson, head of external affairs, The Crown Estate
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The Crown Estate• 2008 Capital Value of £7.3bn• Net revenue all paid to UK Treasury £200 Million +• The Crown Estate is a landowner not a regulator. It is
not part of Government but works closely with Government Departments, the devolved administrations, statutory bodies and other key stakeholders.
The Crown Estate is an Estate in Land which includes:
• The Urban Estate: Substantial blocks of commercial and residential property including Regent Street & Pall Mall
• The Rural Estate: Approximately 110,000 hectares of agricultural land
• and ………
Estates in land30million hectares22000km of coast
lineA responsibility to
enhance the value of the Estates, subject to good management
A monopoly
The Marine Estate
Offshore wind, wave and tidal programmes
Offshore Wind Energy: GW on the table for 2020
40.4 GW: a third of the UK’s electricity demand
Rounds 1+2: 8 GW approved
Round 3: Bids received for 25 GW plus
Round 2 Extension: Interest in 1 GW plus
Scottish Territorial Waters: Option leases awarded for 6.4 GW
The Prize• 40 GW of energy from the UK waters from all
programmes by 2020• 15% UK energy• 30% UK electricity• UK energy security of supply• Climate change targets• Investment of £100 billion+ • Jobs: 60,000+• Business development opportunities
The Challenges• Planning and consenting process– Zone development plans– Environmental Impact Assessment– Infrastructure Planning Commission– Scottish Government
• Grid• Ports, harbours and manufacturing sites• Supply chain: turbines and cables
UK Offshore Wind Supply Chain Events 2010Aberdeen, Scottish Enterprise, 28th January
Inverness, HIE, 2nd February
Glasgow, Scottish Enterprise, 4th February
Chester-le-Street, One North East, 17th February
Yorkshire, Yorkshire Forward, 19th February
SW Wales, Welsh Assembly Government, 8th-12th February
South East England Development Agency, 22nd -26th February
East of England Development Agency, 3rd March
Bristol, South West Renewables Development Agency, 9th March
Liverpool, North West Development Agency, 11th March