Question reference: S6W-26007
- Asked by: Alex Cole-Hamilton, MSP for Edinburgh Western, Scottish Liberal Democrats
- Date lodged: 6 March 2024
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Current status: Answered by Shona Robison on 13 March 2024
Question
To ask the Scottish Government how much of the reported £700 million that it received in option fees through the 2022 ScotWind leasing round it spent in (a) 2022-23 and (b) 2023-24, and how much it projects that it will spend in (i) 2024-25, (ii) 2025-26, and (iii) 2026-27.
Answer
Crown Estate Scotland received £756 million in option fees from the initial ScotWind auctions in 2022-23. As set out in the 2022 Resource spending review, and subsequent budget publications, these funds were initially profiled to be drawn down by the Scottish Government over a three year period as follows:
2022-23 - £96 million
2023-24 - £310 million
2024-25 - £350 million
The final drawdown for 2022-23 was £96 million as planned. Drawdowns for 2023-24 and subsequent years are only finalised at the very end of March when the Scottish Government has more certainty over its financial position.
At the time of the 2024-25 Scottish Budget the planned drawdown for 2024-25 was decreased to £200 million reflecting the need to ensure sufficient funds were available to balance the 2023-24 financial position. Given the recent improvement to the 2023-24 position it is now likely that this will not be required in 2023-24 and therefore may be used to support future financial years.