Crown Estate Bill [Lords]

Perran Moon Excerpts

2nd reading
Tuesday 7th January 2025 Commons Chamber

[Perran Moon (Camborne and Redruth) (Lab)]

Meur ras, Madam Deputy Speaker.

I welcome the provisions made in the Bill to improve the governance of the Crown Estate and broaden its investment powers and capacity to borrow. As stated in the Bill, the changes will mean that commissioners can undertake activities such as investing in port infrastructure and in digital technologies to map the seabed. As a Cornish MP, it is the seabed that I will focus on for the next few minutes.

Commissioners will be enabled to assist with investment in public infrastructure for the benefit of the nation. I support those provisions on the basis that the Crown Estate will use its increased power to invest in areas of higher deprivation where there is a clear commercial potential, such as, as has been mentioned, floating offshore wind in the Celtic sea. In that respect, Cornwall is perhaps the best example of where post-industrial deprivation is high, yet—I am sorry to mention this with Welsh Members in the Chamber—it is the closest land mass to much of the Celtic sea floating offshore wind opportunity.

As has been mentioned, Cornwall is also home to the third deepest natural harbour in the world, in Falmouth. The development of the port of Falmouth would support the export potential of critical minerals such as tin from my constituency of Camborne, Redruth and Hayle, and of lithium that will be mined in Cornwall. As mentioned by my hon. Friend the Member for Reading Central (Matt Rodda), Cornwall’s economic development is also held back by a lack of grid connectivity. I hope that support for the Bill will result in significant improvements in that area.

The Crown Estate plays a fundamental role as an enabler of infrastructure projects. The Bill inserts a new subsection into the Crown Estate Act 1961 requiring the commissioners to keep under review the impact of their activities on the achievement of sustainable development in the United Kingdom. I sincerely hope that Ministers agree that deprived communities such mine in Camborne, Redruth and Hayle should be the direct beneficiaries of this development through the work of the Crown Estate. I also hope that the Crown Estate fully understands the expectations of deprived coastal communities in every corner of England, Wales, Northern Ireland and Cornwall.