Laurence Skelly, MHK Deputy Minister Key Location 2 Isle of Man - - PowerPoint PPT Presentation

Laurence Skelly, MHK Deputy Minister

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Key Location

Isle of Man

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• 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

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Dr Peter McEvoy

Marine Spatial Planning Officer

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

IOM Marine Plan

Consenting regime (including legislation) MMEA- Environmental information- constraints map Marine policies ‘The ¡Marine ¡ Spatial ¡Plan’ Consultation and public engagement (outlined in a Statement of Public Participation)

Project structure

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

• rity

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…

24 Generation Transmission Distribution Supply

CleanTech Sector UK Markets

Overview

Infrastructure and Assets

CleanTech Past

• Renewable electricity in 1958!

CleanTech Present

Hydro Electric station since 1981 Electricity from Waste since 2004

Energy Eye consumption analysis services

Micro-generation installations

Subsea cable

(90kV / 67MW AC)

SMART Island

Ma Manx nx El Elect ectricity ricity Au Auth thority

• rity

Ene Energy rgy Fi Fit for t for Li Life fe

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Dr Ken Milne Senior Manager for Energy Policy

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 km2 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.

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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.

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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
• ffshore 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

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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

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Opportunities

• Headquarters
• Maximise financial benefit from IP
• Develop & manufacture high value

products

• Supportive Government that will work with

you to grow your business