Crown Estate

Property owned by the monarch of the United Kingdom

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June 2025 Every Welsh principal council had supported motions for Crown Estate devolution.
2025 Crown Estate Act 2025 amended the 1961 act, introducing significant changes including removing borrowing restrictions, increasing Commissioners from eight to twelve, funding Commissioner salaries from the Crown Estate, mandating review of sustainable development, restricting seabed disposal, and introducing Commissioners with specific responsibilities for England, Wales, and Northern Ireland.
February 24 2025 UK Government officially rejected calls for Crown Estate devolution to Wales.
February 21 2025 Majority of Wales principal area councils supported motions advocating for Crown Estate devolution.
January 2025 UK government minister stated no discussions with Welsh government had taken place regarding Crown Estate devolution.
May 2023 Opinion poll showed 58% of Welsh people supported devolution of the Crown Estate.
2022 Value of Welsh Crown Estate increased to £603 million.
September 10 2022 King Charles III's first Accession Council included provisions for royal finances, with the King confirming his willingness to surrender control of the Crown's hereditary revenues in exchange for the Sovereign Grant.
April 2022 All 17 winners of the ScotWind auction had signed options, with Crown Estate Scotland expecting £1.5bn per project in supply chain industry spending.
January 2022 Crown Estate Scotland announced the outcome of the 'ScotWind' auction process, with 74 entities applying for offshore wind generation rights, raising almost £700m for the Scottish Government.
2021 Crown Estate reported a property valuation of £15.6 billion for the fiscal year 2021/2022, generating a net revenue profit of £312.7 million which was paid into the UK government's Consolidated Fund.
2021 Value of Welsh Crown Estate rose to £549.1 million, with revenue of £8.7 million.
2020 Value of Welsh Crown Estate was £49.2 million.
2019 The Scottish Crown Estate Act 2019 was passed, defining the corporation's mandate to invest in property, natural resources, and places to create lasting value for the people of Scotland, with surplus revenue to be paid to the Scottish Consolidated Fund.
2017 Scottish Crown Estate was devolved, with management transferred to Crown Estate Scotland.
2016 Sir Robin Budenberg becomes Chairman of the Crown Estate Commissioners, replacing Sir Stuart Hampson.
March 2016 The Scotland Act 2016 became law, providing for devolution of management and revenues of Crown Estate assets in Scotland.
November 27 2014 The Smith Commission published recommendations for transferring management of Crown Estate's economic assets in Scotland to the Scottish Parliament.
April 2014 Crown Estate proposed selling about 200 of its 750 rural homes in the UK and began evicting tenants.
April 1 2012 The Civil List was abolished under the Sovereign Grant Act 2011, establishing a new system where the monarch receives revenue indexed to a percentage of the Crown Estate's annual net income.
2011 Sovereign Grant Act passed, establishing a new consolidated grant for monarchy funding based on Crown Estate revenue.
2010 Sir Stuart Hampson becomes Chairman of the Crown Estate Commissioners, succeeding Sir Ian David Grant.
2010 UK Parliament Treasury Committee released a critical report on the Crown Estate, highlighting concerns about joint venture investments, monopoly over marine environment, residential property management, and lack of consultation with local bodies.

This contents of the box above is based on material from the Wikipedia articles Crown Estate & Crown Estate Scotland, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also