Scottish Crown Estate Bill published
Scottish Government has today laid a Bill in Parliament setting out proposed long-term management arrangements for Crown Estate assets including seabed, just under half of the coastline and four rural estates. The Bill outlines the continuing role of Crown Estate Scotland as manager while enabling councils and communities to directly manage specific assets on a case-by-case basis.
The entire range of land, property and other assets managed by Crown Estate Scotland is valued at £275.7m and generates an annual gross revenue of approximately £15m.
Amanda Bryan, Chair of Crown Estate Scotland, said, “This legislation is an important step forward in setting out the long-term future of the organisation. Coming to the end of our first year of operation, we have increased engagement with communities, local authorities and other partners and ensured continuity for our tenants. We have also successfully raised funds to continue investing in farms and activity designed to grow Scotland’s low-carbon economy, such as strategic research into offshore renewables.
“We will keep our staff and tenants fully informed as the Bill progresses through Parliament.”
Enquiries: Esther Black - firstname.lastname@example.org / 0131 260 6079 / 07917 628 253.
Notes to editors
The Bill can be found at http://www.parliament.scot/parliamentarybusiness/Bills/107415.aspx
Sovereign Grant arrangements are not related to the management of Crown Estate Scotland. The UK Government sets the level of funding for the Royal Household by reference to revenue from The Crown Estate (which operates in in Wales, England and Northern Ireland) but the actual funds comes from taxation. Scotland funds its full share of the Sovereign Grant through general taxes.
About Crown Estate Scotland
Ownership of the assets remains with the Monarch and management responsibility sits with Scottish Ministers who in turn delegate to Crown Estate Scotland.
Crown Estate Scotland works with people, businesses and organisations to ensure that the assets are managed in a sustainable way that creates prosperity for the Scotland and its communities.
The business started operating in April 2017, replacing The Crown Estate in Scotland, 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.