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Written question asked by Baroness Coffey (Conservative) on Monday, 11 December 2023, in the House of Commons. It was due for an answer on Wednesday, 13 December 2023. It was answered by Gareth Davies (Conservative) on Friday, 15 December 2023 on behalf of the Treasury.


Crown Estate: Borrowing and Investment

Question

To ask the Chancellor of the Exchequer, with reference to the Autumn Statement 2023, whether he plans to bring forward legislative proposals to provide the Crown Estate with (a) borrowing and (b) wider investment powers during this Session.

Answer

As set out in Autumn Statement 2023, to further accelerate the UK’s world-leading offshore wind deployment, the government will bring forward legislation to provide the Crown Estate with borrowing and wider investment powers as soon as parliamentary time allows. This will help to unlock a further 20-30GW of new offshore wind seabed rights by 2030.


Secondary information

Type
Written question
Reference
6123
Session
2023-24
Related items
Autumn Statement 2023
Wednesday, 22 November 2023
Command papers
House of Lords
House of Commons
Subjects
Borrowing Crown Estate Investment
Link
View this Written question on www.parliament.uk