The Crown Estate is a diverse property business valued at more than ￡8 billion (about $12 billion)that has its roots in the 18th century property rights of the monarch.We have been trusted to manage a wide range of properties across the UK including commercial, retail, and rural lands.And we own over half the foreshore and almost the entire seabed around the UK.Although we are a commercial organization we are governed by Parliament and our profits are rendered to the Treasury.As owners of the seabed we have taken an active position in the development of low-carbon energy resources.The main one is offshore wind energy, where we have organized a number of licensing rounds resulting in developers signing exclusivity agreements for a total generation potential of over 40 GW.In the latest Round 3 we are investing more than ￡100 million (about $150 million) together with developers to share project definition and consenting risk.The presentation will highlight how The Crown Estate is working with government and developers to accelerate and de-risk investments in the offshore wind sector.We do that through a transparent structure for the development of the seabed, by licensing rounds and demonstration projects, by co-investing in early phases of development, and by addressing sector-wide issues through a program of strategic workstreams in areas such as health and safety, grid, cost reduction, and supply chain.Together with its world class resource potential, this has helped to make the UK the worlds leading offshore wind market.