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Barrage or What? Social & Economic Impacts. Cardiff-Weston Barrage: Estimated construction cost: £20.9bn Gross value-added over 40 years: £1.6 billion-£4.8.

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Presentation on theme: "Barrage or What? Social & Economic Impacts. Cardiff-Weston Barrage: Estimated construction cost: £20.9bn Gross value-added over 40 years: £1.6 billion-£4.8."— Presentation transcript:

1 Barrage or What? Social & Economic Impacts

2 Cardiff-Weston Barrage: Estimated construction cost: £20.9bn Gross value-added over 40 years: £1.6 billion-£4.8 billion

3 Port of Bristol Current turnover: £70m: Jobs: 600 direct employees, 7,500 jobs at risk

4 Port of Bristol DTZ report: Net gain of 200-300 jobs once a Weston-Cardiff barrage is completed

5 Tidal scheme construction benefits From 500 to 1,500 new jobs a year over 5-10 years

6 Tidal scheme construction benefits BUT the proposed Bristol Port deep water expansion would create an estimated 1,800 new jobs

7 Port of Bristol “The most economical port distribution location in the UK”

8 Impact of total loss of Bristol Port Estimated £400m-800m loss of port- related revenue Plus the cost of investing in alternative seaport and inland infrastructure facilities elsewhere

9 Negative impacts on fishing During barrage construction: £5.6-£8.2 million, 30-50 lost jobs After barrage completion: £17.0-£25.8 million, 60-80 lost jobs

10 Uncertain tourism benefits Projected local tourism revenues: £3.4- 27 million Between 20 and 130 new jobs

11 Marine leisure/marina development No projections

12 Energy gains Energy security is an economic issue

13 Energy gains Tidal energy generation potential: 0.6-15GW/17TW/h - Up to halfway towards UK’s 15% renewable energy target for 2020

14 Uncharted waters Learning to live with uncertainty

15 How to weigh diverse opposing factors? Apples and Pears

16 Political risks Risks of division are both regional and national

17 Thank you for your attention!


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