Social & Economic Impacts 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 billion

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

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

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

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

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

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

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

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

Marine leisure/marina development No projections

Energy security is an economic issue Energy gains Energy security is an economic issue

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

Learning to live with uncertainty Uncharted waters Learning to live with uncertainty

How to weigh diverse opposing factors? Apples and Pears

Risks of division are both regional and national Political risks Risks of division are both regional and national

Thank you for your attention!