Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how much revenue accrued to the Crown Estate from offshore wind leases in the last year.

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.

The Crown Estate publishes its revenue performance for each business unit on an annual basis. These accounts are laid in Parliament.

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.