SSE Calculates Socio-Economic Impact of Beatrice Project

SSE Calculates Socio-Economic Impact of Beatrice Project | Offshore Wind 

New research into the benefits of the Beatrice offshore wind farm shows the social and economic impact the project is expected to deliver.

With the assistance of NEF Consulting, SSE undertook a forecast Social Return on Investment (SROI) analysis for projects that applied to the first round of grant funding from the Beatrice Partnership Fund in 2017.

The SROI research found that for every GBP 1 invested in community projects, GBP 3.21 will be created in value for the community. The GBP 6 million Beatrice fund, which supports the advancement of community projects in the Highland and Moray regions, could create nearly GBP 20 million of social value when fully distributed.

In total, Beatrice provides GBP 34 million for community projects. The GBP 6 million Beatrice fund is managed by SSE’s Community Investment Team. A further GBP 28 million will be provided by BOWL over the lifetime of the wind farm to the Coastal Communities Fund.

Also, according to new economic modelling, the impact of the GBP 2.6 billion investment in BOWL is expected to add GBP 1.13 billion to UK GDP and support more than 18,100 years of full-time employment in the UK.

Scotland alone is expected to see a spend of GBP 530 million from the construction of the Beatrice project.

Paul Cooley, SSE Head of Generation Development, said: “The findings of the report show that our spending on the project will not just benefit the wider UK supply chain, but also the Scottish supply chain and the local communities near the wind farm. This research offered SSE their first chance to understand the social return on investment of the community fund, and we were thrilled to see that the fund should help create more value for the community.”

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Katie Snell

Having worked within the property department for 9 years, I have had the pleasure of working within the majority of the Nwes sites in the Norfolk and Waveney area. For the last 2.5 years I have been based at OrbisEnergy and more recently as Senior Coordinator overlooking the renewable hub and team.

Devon Mills

Devon has joined the team at OrbisEnergy as an Administration Coordinator in November 2014 and more recently a Centre Coordinator in January 2016. Having previously worked within various customer service roles she is pleased to be able to apply her skills and knowledge to her position at OrbisEnergy.

She is keen to build a strong understanding within the Offshore Renewable industry, whilst being able to develop a good mind for business and sales.

Johnathan Reynolds

Johnathan is responsible for all aspects of business and supply chain development for the flagship innovation and incubation centre for offshore renewables in the east of England, OrbisEnergy.

Matthew Holden

Matt’s role is Technical Support Manager, his main duty is leading the European Clusters for Offshore Wind Servicing Project (ECOWindS, on behalf of Nwes. In addition to ECOWindS Matt’s role is provide support for the property team and to carry out specific project work.

John Balch

John is Managing Director of Nautilus, Director of Nwes and Hub Director of OrbisEnergy and Beacon Innovation Centre. He is a mechanical engineer and has broad experience gained over 40 years in the international offshore industry.

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