New project aims to increase shared value from Scottish land and property
A new initiative aimed at increasing the social, economic and environmental value from land and property has been launched by Crown Estate Scotland.
The Value Project will identify all of the different types of benefits generated from the Scottish Crown Estate, which includes 37,000 hectares of rural land, the seabed and 620 sq km of foreshore. Findings will guide decisions on managing the Estate. The approach will be developed and shared with other organisations to encourage best use of land and property across Scotland.
Crown Estate Scotland is keen to hear from a wide range of people with knowledge and expertise about land, property and different types of value to help ensure the widest range of benefits are taken into account.
Simon Hodge, Crown Estate Scotland Chief Executive, said, “We know Scotland’s land and natural resources are fundamental to our way of life, our economy and our culture. We want to understand how different uses of the land, coastline and seabed that make up the Scottish Crown Estate impacts on jobs, climate change, food and energy production, and the resilience of our communities.
“This project will give us the full picture of the different types of value generated by the Estate so that we and others can manage it in a way that really benefits Scotland.”
Crown Estate Scotland – which leases land and property and passes all revenue profit to Scottish Government for public spending – has recruited Courtney Hyde Peyton, a sustainability professional with 25 years of experience in built environment, resource use, investment and rural development, to lead the two-year project.
Activities such as offshore wind generation, farming, marine leisure, mountain biking, wild river fishing, and aquaculture will be assessed to identify what types of economic, social and environmental value are generated. Crown Estate Scotland will also measure the benefit the different activities generate for public finances.
Courtney Peyton said, “This is a really exciting project. We want to take public benefit assessment to a new level and place it at the heart of decision-making. I think this work will help Scotland become a recognised leader in using our natural resources to deliver lasting value for this generation and those to come.”
Crown Estate Scotland aims to share initial findings of The Value Project towards the end of 2019. For updates, please follow @crownestatescot
Contact: John Lang at Crown Estate Scotland 07741 801225 / firstname.lastname@example.org
Notes to Editors
About Crown Estate Scotland
Crown Estate Scotland manages land and property on behalf of the Scottish Ministers. It works with people, businesses and organisations to ensure that the assets are managed in a sustainable way that creates prosperity for Scotland and its communities. The business started operating in April 2017 and pays all revenue profit to the Scottish Government.
Crown Estate Scotland manages:
- 37,000 hectares of rural land with agricultural tenancies, residential and commercial properties and forestry on four rural estates (Glenlivet, Fochabers, Applegirth and Whitehill)
- Rights to fish wild salmon and sea trout in in river and coastal areas
- Rights to naturally-occurring gold and silver across most of Scotland
- Just under half the foreshore around Scotland including 5,800 moorings and some ports and harbours
- Leasing of virtually all seabed out to 12 nautical miles covering some 750 fish farming sites and agreements with cables & pipeline operators
- The rights to offshore renewable energy and gas and carbon dioxide storage out to 200 nautical miles
- Retail and office units at 39-41 George Street Edinburgh
Crown Estate Scotland is a public corporation which manages the assets on an interim basis until new legislation sets out permanent arrangements.