Regulation 3 Establishment of marine recovery funds

(1)

The Secretary of State may establish one or more marine recovery funds.

(2)

Where the Secretary of State establishes a marine recovery fund under paragraph (1), the Secretary of State may determine which relevant offshore wind activities are relevant offshore wind activities in respect of which payments may be made into and out of that fund.

(3)

Where the Secretary of State establishes a marine recovery fund under paragraph (1), the Secretary of State may decide that the fund is established for—

(a)

England, Wales, Scotland or Northern Ireland^f1 only, or

(b)

any combination of those territories.

(4)

Where the Secretary of State establishes a marine recovery fund under paragraph (1) for a particular territory of the United Kingdom, the relevant offshore wind activities referred to in paragraph (2) may be activities which take place in the inshore or offshore region of that territory, or outside it.

(5)

The reference in paragraph (4) to the inshore or offshore region of a territory of the United Kingdom is a reference to the English, Scottish, Welsh or Northern Ireland inshore or offshore region^f2, as appropriate.

Annotations

Footnotes

f1: See section 295(1) and (2) of the Energy Act 2023 for the meanings of “England”, “Scotland”, “Wales” and “Northern Ireland”.
f2: See section 295(2) of the Energy Act 2023 as to how references to the English, Scottish, Welsh or Northern Ireland inshore and offshore regions are to be construed.