Our business model
We seek to deliver our purpose through our strategy, enabled by our business model.
Taking a long-term view and working in partnership with our customers and wider stakeholders defines our approach to doing business, whether that is unlocking the value of the UK’s seabed, or creating mixed-use destinations that are relevant and valuable to local communities across the country.
Our competitive advantage comes from bringing our capabilities to bear on a diverse and world-class portfolio of assets, using scale and our expertise to generate outperformance and create value for our customers, stakeholders, environment and society.
Our Annual Report 2019/20
What we do
Investment
We buy assets through the market cycle where we have the scale and expertise to generate outperformance. We sell assets to recycle capital into the business, funding future acquisitions, our development pipeline and investment into our offshore wind and seabed activities.
Development
Our development activity focuses on opportunities within our principal sectors. We unlock the value of the UK’s seabed and build destinations that are relevant and valuable to our customers, visitors and communities.
Managment
We aim to deliver exceptional service and create great experiences. Working alongside our customers, we look to refine and improve our offer in response to their needs and business objectives.
What we rely on and the value we create
We have identified six different resources and relationships which we draw on to create value; these are our capitals. Beyond meeting our income and total return targets we also consider the wider value we deliver against each capital.
Our annual net revenue profit is generated for the Treasury.

Reinvestment into the business
We access capital to invest in our portfolios, both through strategic partnerships and the sale of assets where we have completed our asset management plans.