Laurence Skelly, MHK Deputy Minister
Key Location 2
Isle of Man • Well regulated international finance centre offering quick and easy establishment of new businesses • AA+ ¡rated ¡jurisdiction ¡by ¡Standard ¡& ¡Poor’s ¡and ¡AAA ¡rated ¡by ¡ Moody’s • OECD White Listed • Business-friendly, accessible Government • Well established common law jurisdiction, providing legal stability and commercial legal certainty • State of the art IT hosting and communications infrastructure • Easily accessible from London, Dublin and major UK transport hubs • Growing Clean Tech sector 3
Dr Peter McEvoy Marine Spatial Planning Officer 4
Aims of the project • To develop a consenting regime for any future developments within Manx waters • To develop a Marine Spatial Plan to consider current and future uses of Manx waters • To help identify suitable areas for development by locating current activities/constraints
Project structure IOM Marine Plan Consenting MMEA- Marine policies regime (including Environmental ‘The ¡Marine ¡ legislation) information- Spatial ¡Plan’ constraints map Consultation and public engagement (outlined in a Statement of Public Participation)
Large area of seabed 87.5% (4000sq km) of Manx territory is underwater
Manx Marine Environmental Assessment • Similar to a Strategic Environmental Assessment for Manx waters • Extensive stakeholder collaboration and consultation 2011-12 • Consultation complete December 2012 • Final draft due for publication March 2013
MMEA output • Open access document • 23 chapters and 150 expert contributors • A summary of the current state of local marine knowledge • Building local data sharing e.g. marine mapping • Identifies issues and constraints in Manx waters • Highlighting gaps in local knowledge A valuable tool for assessing development opportunities in Manx waters http://www.gov.im/transport/planning/msp/mmea.xml
MMEA- Bathymetry
MMEA- Meteorology Wind rose plot of hourly wind data, Ronaldsway, IOM 1966-2007
MMEA-current monitoring Example of CS3 surge model data for Manx Coastal waters as part ¡of ¡the ¡‘ Floodwatch ’ ¡warning ¡systems
MMEA-historic studies General tidal flow around the Isle of Man, from Brown (1951).
MMEA- Cables and pipelines Submarine cables and pipelines (current use and redundant) in Manx waters. Source: UKHO 2012.
MMEA- Shipwrecks
MMEA- Basking shark public sightings
Proposed consenting process Separate legislative process to the UK, but the content will be familiar: • Extension of the Town and Country Planning Act via ‘Territorial ¡Sea’ ¡Regulations • A ¡new ¡‘Marine ¡Development ¡Procedure’ ¡Order – Applications will be determined via the recommendation of an appointed inspector to the Council of Ministers. • EIA (Isle of Man) Regulations • Marine Development (Fees for Application) Order
Proposed development timeline • Weighted towards the pre-application stage
Marine Plan • A plan to consider current and future uses of Manx waters. • Will provide clarity to current marine-users and potential developers • Currently in preparation- Consultation expected mid-2013 • A high level policy framework to guide the future placement and development of marine activities – Backed up by constraints data from the MMEA
Marine Plan summary of progress 2011-2012 • Review requirements for marine legislation • Draft legislation • Consult on draft legislation • Draw marine data together for inclusion in MMEA 2013 • Publish MMEA • Develop Marine Plan • Enact the legislation (March-April) • Consult on draft plan and policies
Key Messages • Develop a fit-for-purpose consenting process • Maximise potential economic development opportunities using sustainable approach • Stakeholder inclusiveness and public accountability • Develop long-term cross-Government polices for marine environment • Pivotal role of the Isle of Man in the Irish Sea
Man anx x Ele lect ctricity ricity Au Auth thority ority Ene Energy rgy Fi Fit for t for Li Life fe John Harper Electricity Commercial Manager
• Introduction to the MEA • Infrastructure and Assets • CleanTech • The ¡Future…
Overview UK Markets Generation CleanTech Sector Supply Distribution Transmission 24
Infrastructure and Assets
CleanTech Past • Renewable electricity in 1958!
CleanTech Present Energy Eye consumption analysis services Hydro Electric station since 1981 Micro-generation installations Electricity from Waste since 2004
SMART Island Subsea cable (90kV / 67MW AC)
Ma Manx nx El Elect ectricity ricity Au Auth thority ority Ene Energy rgy Fi Fit for t for Li Life fe
Dr Ken Milne Senior Manager for Energy Policy 30
Overview • Opportunities for offshore renewable energy – Lease seabed – Interconnector hub – Operation & Maintenance bases • Benefits of establishing businesses in the Isle of Man
Opportunities for Offshore Renewable Energy • The Isle of Man owns 4,000 km 2 of seabed in the Irish Sea • Significant wind and tidal resource in the Irish Sea • Shallow waters and close proximity to the UK • Existing subsea cable and trading arrangements with UK • The UK Energy Bill will enable joint projects importing renewable energy from a third country into the EU. 32
UK Energy Bill – Joint Projects Non-UK generation to CfDs : • Should be accommodated within existing or developing policy and regulatory frameworks; • The CfD would be awarded to the generation project; • The contract terms should, as far as possible, reflect those for domestic projects; and • Joint projects should be able to apply for an administratively set strike price. 33
Lease Seabed • Lease seabed to generate renewable energy allowing the Isle of Man to become a major net exporter assisting neighbouring jurisdictions to meet National & EU targets • Expressions of Interest
Offshore Wind Developments in the Irish Sea Sea
Offshore Renewable Energy Benefits • Feasibility of the ISLES Project for grid interconnection in the Irish Sea • North ¡Seas ¡Countries’ ¡Offshore ¡Grid ¡Initiative ¡(NSCOGI) • Interconnector hub in the central Irish Sea region connecting offshore projects to the GB electricity grid network • Infrastructure suitable for Operation & Maintenance bases • Operation & Maintenance bases in the Isle of Man harbours for close proximity offshore projects 36
Benefits of establishing businesses in the Isle of Man • Low tax jurisdiction (0% corporate tax, 0% capital gains tax, 10% lower rate/20% top rate of personal income tax capped at a maximum of £120,000) • Well regulated international finance centre offering quick and easy establishment of new businesses • Business-friendly, accessible Government • State of the art power generation (EfW, CCGT), IT and communications infrastructure • Tax Agreements • Isle of Man Government grant funding
Key benefits for clean tech businesses 1. Location to trial technology 2. Precision manufacturing sector 3. Access to European markets for exports 4. Protection of Intellectual Property
1. Trial technology • Telecom trials included 3G & 3.5G mobile service • Business-friendly, accessible Government
2. Precision manufacturing
3. Access to European market • Isle of Man is not part of the EU • Access to trade freely with the EU in manufactured products • Part of the EU Common Customs Area for Excise & VAT • Electronically declare goods for Customs and Excise. • Customs clearance without the need for the goods to physically travel to the Isle of Man.
4. Intellectual Property • PCT route for patents • Madrid Protocol for Trademarks http://www.whereyoucan.im/ibweb/res/pdf/pdf/IP%20info.pdf
Summary of benefits Joint projects to export renewable energy to the UK • Existing subsea cable and trading arrangements with UK • Operation & Maintenance bases • Low tax jurisdiction • Business-friendly, accessible Government • Business Angel Network • Isle of Man Government grant funding • Ideal location to trial technology • Precision manufacturing sector that can meet supply chain • requirements Access to the European market for exports • Maximise financial benefit from intellectual property •
Opportunities • Headquarters • Maximise financial benefit from IP • Develop & manufacture high value products • Supportive Government that will work with you to grow your business 44
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