With energy security high on the government’s agenda it is interesting to see the latest government’s efforts to get community buy-in for Shale Gas exploitation and to provide benefit over and above the anticipated increase in local employment opportunities. Monetary benefits will be made available at the Exploration Phase ( £100,000 at each well site location) and if commercial production goes ahead then 1% of total revenues available to provide benefits for the local community.
- what the government’s priorities should be for the Shale Wealth Fund
- the allocation of funding from the Shale Wealth Fund to different stakeholder groups
- the extent to which the industry community benefits scheme and the Shale Wealth Fund should be aligned
- potential delivery models for the Shale Wealth Fund to ensure that households and communities benefit, and to decide how funds are spent, and how any process should be administered.