Question to the HM Treasury:
To ask His Majesty's Government what benefit they estimate will accrue to (1) the Welsh Government, and (2) the Welsh economy, from the Crown Estate's Offshore Wind Leasing Round 5.
Offshore Leasing Round 5, which covers areas of seabed in both English and Welsh waters, is expected to generate additional revenues that will enhance the profits The Crown Estate pays over to the UK Government, which will then support the delivery of public services across the UK, including in Wales.
The Crown Estate has designed the leasing process so developers commit to deliver social and environmental value as part of the development, including a requirement to provide an apprenticeships plan and a skills development plan. As Leasing Round 5 remains an active and competitive tender process, it is not possible at this stage to quantify those financial and wider economic, social and environmental benefits.