Seas and Oceans: Taxation
(asked on 28th February 2024) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what estimate he has made of the future revenue to the Exchequer from the lease of the seabed by the Crown Estate for offshore wind farms.
This question was answered on 5th March 2024
The Crown Estate returns its Annual Net Revenue Profit to the Exchequer for the benefit of the nation’s finances. The Crown Estate’s Net Revenue Profit for 2022-23 was £442.6 million (as noted on page 116 of its 2022-2023 annual report).
Like any commercial business, The Crown Estate does not provide forecasts of its future profits.