PARLIAMENTARY WRITTEN QUESTION
(22 May 2025)
Question Asked
Asked by:
Alison Hume (Labour)
Answer
We have launched the £360 million “Fishing & Coastal Growth Fund” to support the next generation of fishermen and breathe new life into our coastal communities. We will work with the fishing and seafood sector and coastal communities to understand how to target investment where it matters most.
Alongside this, on 21st May this Government published a working paper setting out proposals for mandatory community benefits for low carbon infrastructure and Shared ownership in Great Britain. Under the proposals developers would be required to contribute a set amount to a community fund. This work is being led through the Department for Energy Security and Net Zero.
The Government supports offshore wind projects through the Contracts for Difference scheme, which guarantees a set price per MWh of electricity for 15 years, indexed to inflation.
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