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1564309
registered interest false more like this
date less than 2023-01-06more like thismore than 2023-01-06
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury remove filter
answering dept sort name Treasury more like this
hansard heading Wind Power more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, how much revenue accrued to the Crown Estate from offshore wind leases in the last year. more like this
tabling member constituency Warley remove filter
tabling member printed
John Spellar more like this
uin 117438 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-01-16more like thismore than 2023-01-16
answer text <p>The Crown Estate operates as an independent commercial business, in line with The Crown Estate Act and the Framework Agreement with HM Treasury. The Crown Estate returns 100% of its net revenue to HM Treasury each year, totally over £3billion in the last decade.</p><p> </p><p>The Crown Estate publishes its revenue performance for each business unit on an annual basis. These accounts are laid in Parliament.</p><p> </p><p>For the financial year 2021/22, The Crown Estate generated £113.3million from its marine business, which includes offshore wind leasing activity alongside other seabed leasing activity. The seabed is a valuable national asset, and through The Crown Estate’s leasing and investment activity appropriate value is being secured to the benefit of the nation.</p> more like this
answering member constituency South Suffolk more like this
answering member printed James Cartlidge more like this
question first answered
less than 2023-01-16T16:23:03.847Zmore like thismore than 2023-01-16T16:23:03.847Z
answering member
4519
label Biography information for James Cartlidge remove filter
tabling member
318
label Biography information for John Spellar more like this