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Wikipedia

Crown Estate

The Crown Estate is a collection of lands and holdings in the United Kingdom belonging to the British monarch as a corporation sole, making it "the sovereign's public estate", which is neither government property nor part of the monarch's private estate.[2][3][4][5] The Crown Estate in England, Wales, and Northern Ireland is managed by the Crown Estate Commissioners. In Scotland, the Crown Estate is managed by Crown Estate Scotland, since the Scottish estate was devolved in 2017.[6]

The Crown Estate
Company typeStatutory corporation under the Crown Estate Act 1961
IndustryProperty management
Founded1760
FounderParliament and George III, by the establishement of the Civil List
HeadquartersSt James's Market
London, SW1
Area served
United Kingdom
Key people
Products
  • Property
  • residential
  • seabed management
  • real estate services
  • offices
  • shopping centres
Revenue
  • £490.8 million (2022)
  • £486.9 million (2021)
[1]
  • £312.7 million (2022)
  • £269.3 million (2021)
[1]
75% to HM Treasury
25% to The Monarch
Total assets
  • £15.6 billion (2022)
  • £14.4 billion (2021)
[1]
OwnerCharles III
(in right of The Crown)
Websitewww.thecrownestate.co.uk

The sovereign has an official, but not personal claim to the estate, is not involved with the management or administration of the estate, and has no control of its affairs. For all practical purposes it is state property,[7] and in part funds the monarchy. The estate's extensive portfolio is overseen by a semi-independent, incorporated public body headed by the Crown Estate Commissioners, who exercise "the powers of ownership" of the estate, although they are not "owners in their own right".[2] The revenues from these hereditary possessions have been placed by the monarch at the disposition of His Majesty's Government in exchange for relief from the responsibility to fund the Civil Government.[8] These revenues proceed directly to His Majesty's Treasury, for the benefit of the British nation; a percentage of them is then distributed back to the monarch.[2][9][10] The Crown Estate is formally accountable to the Parliament of the United Kingdom,[11] where it is legally mandated to provide an annual report for the sovereign, a copy of which is forwarded to the House of Commons.[7]

The Crown Estate is one of the largest property managers in the United Kingdom, administering property worth £15.6 billion,[1] with urban properties, valued at £9.1 billion,[12] representing the majority of the estate by value. These include many properties in central London, but the estate also controls 7,920 km2 (3,060 sq mi)   agricultural land and forest and more than half of the UK's foreshore, and retains various other traditional holdings and rights, including Ascot Racecourse and Windsor Great Park.[13] While Windsor Home Park is also part of the Crown Estate, occupied royal palaces, such as Windsor Castle itself, are not part of the Crown Estate, but are managed through the Royal Household.[14] Naturally occurring gold and silver in the UK, collectively known as "Mines Royal", are managed by the Crown Estate and leased to mining operators.[15][16]

Historically, Crown Estate properties were administered by the reigning monarch to help fund the business of governing the country. However, in 1760, George III surrendered control over the estate's revenues to the Treasury,[5] thus relieving him of the responsibility of paying for the costs of the civil service, defence costs, the national debt, and his own personal debts. In return, he received an annual grant known as the Civil List.

By tradition, each subsequent monarch agreed to this arrangement upon his or her accession. On 1 April 2012, under the terms of the Sovereign Grant Act 2011 (SSG), the Civil List was abolished and the monarch has since been provided with a stable source of revenue indexed to a percentage of the Crown Estate's annual net income.[17] This was intended to provide a long-term solution and remove the politically sensitive issue of Parliament having to debate the Civil List allowance every ten years. Subsequently, the Sovereign Grant Act allows for all future monarchs to simply extend these provisions for their reigns by Order in Council.[3] The act does not imply any legal change in the nature of the estate's ownership, but is simply a benchmark by which the sovereign grant is set as a grant by Parliament.

History edit

Crown land in England and Wales edit

The history of the Crown lands in England and Wales begins with the Norman Conquest in 1066.[18] By right of conquest, William I (r. 1066–1087) owned all the land in England and was able to redistribute it based on feudal principles. Tenants-in-chief received land directly from the king in return for military service. The land that the king kept for himself was called the royal demesne and divided into royal manors.[19]

When the Domesday survey was completed in 1086, the king was still the largest single landholder, possessing over 18 percent of the landed estates in England. Between 10 and 30 percent of each county belonged to the royal demesne. The king delegated management of royal lands to his sheriffs. Each year, the sheriff paid the king a fixed sum called the "county farm" and was allowed to keep any surplus.[20] The county farms were the largest source of royal revenue, totaling over £10,000 annually.[21]

The size of the royal demesne fluctuated over time. The 70 years after William I died saw substantial alienation of lands, especially during the Anarchy when King Stephen and Empress Matilda attempted to buy support with land grants.[22] Crown lands were often used as patronage to reward the king's family, friends, and servants. At the same time, the Crown lands also grew through confiscations and escheat.[21]

The Crown lands were augmented as well as depleted over the centuries: Edward I extended his possessions into Wales, and James (VI & I) had his own Crown lands in Scotland which were ultimately combined with the Crown lands of England and Wales.[23] The disposals outweighed the acquisitions: at the time of the Restoration in 1660, the total revenue arising from Crown lands was estimated to be £263,598 (equal to £42,102,836 today).[24][25] By the end of the reign of William III (1689–1702) it was reduced to some £6,000 (equal to £1,045,241 today).[24][26]

Before the reign of William III all the revenues of the kingdom were bestowed on the monarch for the general expenses of government. These revenues were of two kinds:[27]

  • the hereditary revenues, derived principally from the Crown lands, feudal rights (commuted for the hereditary excise duties in 1660), profits of the post office, with licences, etc.
  • the temporary revenues derived from taxes granted to the king for a term of years or for life.

After the Glorious Revolution, Parliament retained under its own control the greater part of the temporary revenues, and relieved the sovereign of the cost of the naval and military services and the burden of the national debt. During the reigns of William III, Anne, George I and George II the sovereign remained responsible for the maintenance of the civil government and for the support of the royal household and dignity, being allowed for these purposes the hereditary revenues and certain taxes.[27]

As the state machinery expanded, the cost of the civil government exceeded the income from the Crown lands and feudal rights; this created a personal debt for the monarch.

On George III's accession he surrendered the income from the Crown lands to Parliament, and abrogated responsibility for the cost of the civil government and the clearance of associated debts. As a result, and to avoid pecuniary embarrassment, he was granted a fixed civil list payment and the income retained from the Duchy of Lancaster.[28] The King surrendered to parliamentary control the hereditary excise duties, post office revenues, and "the small branches" of hereditary revenue including rents of the Crown lands in England (which amounted to about £11,000, or £1,769,392 today),[24] and was granted a civil list annuity of £800,000 (equal to £128,683,019 today)[24] for the support of his household, subject to the payment of certain annuities to members of the royal family.[28]

Although the King had retained large hereditary revenues, his income proved insufficient for his charged expenses because he used the privilege to reward supporters with bribes and gifts.[29] Debts amounting to over £3 million (equal to £255,119,701 today)[24] over the course of George's reign were paid by Parliament, and the civil list annuity was then increased from time to time.[30]

Every succeeding sovereign down to and including Charles III renewed the arrangement made between George III and Parliament.[31][32] By the 19th century the practice was recognised as "an integral part of the Constitution [which] would be difficult to abandon".[27][33] Nevertheless, a review of funding arrangements for the monarchy led to the passage of the Sovereign Grant Act 2011, which according to HM Treasury, is:[34]

A new consolidated grant rounding together the Civil List, Royal Palaces and Royal Travel grants-in-aid. It is intended that future funding will be set as a fraction of The Crown Estate revenue and paid through the annual Treasury Estimates process, and subject to full National Audit Office audit....

The Grant is to enable The Queen to discharge her duties as Head of State. i.e. it meets the central staff costs and running expenses of Her Majesty's official Household – such things as official receptions, investitures, garden parties and so on. It will also cover the maintenance of the Royal Palaces in England and the cost of travel to carry out royal engagements such as opening buildings and other royal visits....

While the amount of the Grant will be linked to the profits of the Crown Estate, those profits will continue to be paid in to the Exchequer; they are not to be hypothecated. Setting the Grant at a percentage of profits of the Crown Estate will help to put in place a durable and transparent framework.

In April 2014 it was reported that the Crown Estate was proposing to sell about 200 of its 750 rural homes in the UK, and was evicting tenants in preparation.[35][36]

Wales edit

The Crown Estate in Wales includes the coastal seabed up to 12 nautical miles, approximately 65% of the foreshore as well as the Welsh river bed and ports and marinas.[37] The estate also owns over 50,000 acres of Welsh upland and common land, mainly rough grazing land,[38] and 250,000 acres of mineral deposits and the rights to gold and silver.[39] Various offshore wind projects are part of the Crown Estate in Wales, including the proposed Awel y Môr,[40] Erebus 100MW Test and Demonstration project, and three 100M projects (in their assessment stage).[40] The Crown Estate announced £1.2million would be invested into the Morlais tidal stream demonstration zone, developed by Menter Môn.[41]

The value of the Welsh Crown Estate has risen from £49.2m in 2020 to £549.1m in 2021, and then to £603m in 2022. The revenue of the Welsh Crown Estate in 2021 was £8.7m.[42] Of the Crown Estate revenue; 75% goes to the UK Treasury whilst 25% is given to the monarch.[43]

In Wales, there have been multiple calls for the Crown Estate in Wales to be devolved, including by Plaid Cymru, Welsh Labour and the Welsh Liberal Democrats.[44][45][46] An opinion poll in May 2023 also showed strong support for devolving the estate in Wales with a majority of 58% of the people of Wales supporting the devolution of the Crown Estate compared to 19% who are opposed and 23% who don't know. Poll breakdown showed that all major political party voters supported devolution of the estate in Wales.[47]

Crown land in Ireland edit

In 1793, George III surrendered the hereditary revenues of the Kingdom of Ireland, and was granted a civil list annuity for certain expenses of Irish civil government.[28][48][49] Most of the Crown land by then was from forfeitures after the 1641 rebellion or the 1688–91 revolution, with some smaller older parcels remaining from earlier rebellions, the Dissolution of the Monasteries and the Norman period.[50][51] Most confiscated land had been granted away again, as under the Adventurers' Act 1642, Act of Settlement 1662, and the Act of Resumption 1700.[50][51]

The balance which remained in Crown hands included the "undisposed lands" of the 1662 settlement (worth less than the small quit rent that a grantee would have had to pay) and the balance unsold by the trustees under the 1700 act at its 1703 time limit.[50] The scattered Crown lands were farmed out on long leases with little regard to the collection of rent.[50] Responsibility lay with the Quit Rent Office, which was absorbed in 1827 by the Commissioners of Woods, Forests and Land Revenues.[48] The largest Crown estate in the 1820s was Pobble O'Keefe in Sliabh Luachra at 5,000 acres (2,000 ha).[50][51]

In 1828 the lease expired, and Richard Griffith was appointed to supervise its improvement, including the foundation of the model village of Kingwilliamstown.[52] In the early 1830s the Crown Estate resumed possession of land in Ballykilcline following the insanity of the head lessee. The occupational sub-lessees were seven years in arrears with their rent and the result was the Ballykilcline "removals" – free emigration to the new world in 1846. There was further state-assisted emigration from overpopulated Crown estates during the Great Famine.[53] There is evidence of Crown Estate public work schemes to employ the more distressed in improving drainage etc.[54] In 1854 a select committee of the House of Lords concluded that the small estates in Ireland should be sold.[55] 7,000 acres (2,800 ha) were subsequently sold for circa £25,000 (equal to £2.5 million today) at auction and £10,000 (equal to £1 million today) by private treaty: a major disinvestment, with reinvestment in Great Britain.[26]

Article 11 of the 1922 Constitution of the Irish Free State provided that Crown Estate land within the Irish Free State would belong to the state,[56] which took over administrative responsibilities on 1 April 1923. At the time of handover, quit rents totalled £23,418 (equal to £1 million today) and rent from property £1,191 (equal to £72,000 today).[26] The estates handed over mostly comprised foreshore.[57]

The Crown Estate in Northern Ireland in 1960 comprised "a few quit rents ... yielding yearly only £38."[57] By 2016 it had an income of £1.4 million, from cables, pipelines and windfarms on the foreshore, and goldmining in County Tyrone.[58][59] Development of the seabed below low tide is hampered by a sovereignty dispute with the Republic of Ireland.[60]

Crown land in Scotland edit

It was not until 1830 that King William IV revoked the income from the Crown estates in Scotland.[61] The hereditary land revenues of the Crown in Scotland, formerly under the management of the Barons of the Exchequer, were transferred to the Commissioners of Woods, Forests, Land Revenues, Works and Buildings and their successors under the Crown Lands (Scotland) Acts of 1832, 1833 and 1835.[62] These holdings mainly comprised former ecclesiastical land (following the abolition of the episcopacy in 1689) in Caithness and Orkney, and ancient royal possession in Stirling and Edinburgh, and feudal dues.[57]

There was virtually no urban property. Most of the present Scottish estate excepting foreshore and salmon fishing is due to inward investment, including Glenlivet Estate, the largest area of land managed by the Crown Estate in Scotland, purchased in 1937,[63] Applegirth, Fochabers and Whitehill estates, purchased in 1963, 1937 and 1969 respectively.[64]

After winning the 2011 Scottish election, the Scottish National Party (SNP) called for the devolution of the Crown Estate income to Scotland.[65] In response to this demand, the Scotland Office decided against dividing up the Crown Estates. However, plans were developed to allocate some of the Crown Estate income to the Big Lottery Fund, which would then distribute funds to coastal communities.[65] These plans were criticised by the SNP.[65]

Crown Estate Scotland edit

The Scotland Act 2016 allowed the Scottish Government to take control of a portfolio of assets totalling £272 million ($339.6 million) after a devolved Scottish Crown Estate was established, including the rights to develop marine energy projects in the country. A new public body, Crown Estate Scotland (CES), was established to manage these assets.[66] The Scotland Act 2016 allowed a transfer scheme to for devolution of powers over the management of revenue management of Scottish assets on 1 April 2017.[67]

Prior to the handover, the Crown Estate owned a multi-million stake in Fort Kinnaird retail park in Edinburgh representing about 60% of the value of all Crown assets in Scotland. This was not passed to Crown Estates Scotland with other Scottish properties in 2016. Two years later, the Crown Estate sold its stake and used the funds to assume full ownership of the Gallagher Retail Park in Cheltenham.[68]

Present day edit

Crown Estate Act 1961 edit

Crown Estate Act 1961
Act of Parliament
 
Long titleAn Act to make new provision in place of the Crown Lands Acts, 1829 to 1936, as to the powers exercisable by the Crown Estate Commissioners for the management of the Crown Estate, to transfer to the management of the Minister of Works certain land of the Crown Estate in Regent's Park and extend or clarify the powers of that Minister in Regent's Park, to amend the Forestry (Transfer of Woods) Act, 1923, as it affects the Crown Estate, to amend the law as to escheated land, and for purposes connected therewith.
Citation9 & 10 Eliz. 2. c. 55
Territorial extent 
Dates
Royal assent27 July 1961
Other legislation
Repeals/revokes
  • 6 Hen. 8. c. 15
  • Sales to the Crown Act 1746
  • Crown Lands Act 1825
  • Crown Lands Act 1832
  • Crown Lands (Scotland) Act 1832
  • Demise of Parts of Rolls Estate Act 1836
  • Metropolitan Improvements Act 1841
  • Crown Lands Act 1841
  • Commissioners of Woods (Audit) Act 1844
  • Improvements, Metropolis Act 1844
  • Crown Lands Act 1845
  • Crown Lands Act 1848
  • Crown Lands (Copyholds) Act 1851
  • Crown Lands Act 1852
  • Crown Lands Act 1855
  • Delamere Forest Act 1856
  • Crown Lands Act 1866
  • Crown Lands Act 1873
  • Commissioners of Woods (Thames Piers) Act 1879
  • Crown Lands Act 1885
  • Crown Estate Act 1956
Text of statute as originally enacted
Text of the Crown Estate Act 1961 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.

The Crown Estate is now a statutory corporation run on commercial lines by the Crown Estate Commissioners under the provisions of the Crown Estate Act 1961. Under that Act, the Crown Estate Commissioners have a duty "while maintaining the Crown Estate as an estate in land [...] to maintain and enhance its value and the return obtained from it, but with due regard to the requirements of good management".[69]

The Act provides among other things that (Section 1(5)) "The validity of transactions entered into by the Commissioners shall not be called in question on any suggestion of their not having acted in accordance with the provisions of this Act regulating the exercise of their powers, or of their having otherwise acted in excess of their authority, nor shall any person dealing with the Commissioners be concerned to inquire as to the extent of their authority or the observance of any restrictions on the exercise of their powers".

Summary of the Act edit

The Act includes the following:[70]

  • The Crown Estate is an estate in land only, apart from cash and gilts holdings necessary for the conduct of business.
  • The Crown Estate Commissioners, who comprise the main board, are approved by the monarch on the advice of the Prime Minister. They are limited to eight persons.
  • The board of commissioners have a duty to:
    • maintain and enhance the capital value of the estate and its revenue income; but at the same time
    • take into account the need to observe a high standard of estate management practice.
  • When selling or letting its property the Crown Estate should always seek to achieve the best consideration (i.e. price) which can reasonably be obtained in all the circumstances, but discounting any monopoly value (mainly from ownership of the foreshore and seabed).
  • The Crown Estate cannot grant leases for a term of longer than 150 years.
  • The Crown Estate cannot grant land options for more than ten years unless the property is re-valued when the option is exercised.
  • The Crown Estate cannot borrow money.
  • Donations can be made for religious or educational purposes connected with the estate or for tenants' welfare. Otherwise, charitable donations are forbidden.
  • The character of the Windsor Estate (park and forest) must be preserved; no part of the estate may be sold.
  • A report should be submitted to the monarch and to Parliament annually, showing the performance of the estate over the previous year.
  • The Crown Estate should observe professional accounting practices and distinguish in its accounts between capital and revenue.
  • Money received as a premium from a tenant on the granting of a new lease should be allocated between capital and revenue as follows:
    • where the lease is for a term of thirty years or less it must be treated as revenue;
    • for leases of more than thirty years it must be treated as capital.

In 2010 a UK Parliament Treasury Committee report on the Crown Estate, the first for twenty years, reported that

  • it is "alarmed" that the Crown Estate in 2007 started investing in joint ventures such as the Gibraltar Limited Partnership, which it says is in "grave" financial difficulties. The Crown Estate owns 50% of the partnership, which owns the Fort Kinnaird retail park near Edinburgh;
  • the Crown Estate has a monopoly over the marine environment, and has focused too strongly on collecting revenues rather than acting in the long-term public interest around ports and harbours;
  • the quality of residential property management in the urban estate falls short. Consultation processes have lacked transparency, and the committee was "particularly concerned" that the Crown Estate had failed to consult local bodies which had rights to nominate key workers;
  • some non-commercial historic properties should be reviewed with a view to transferring management to conservation bodies such as English Heritage;
  • ministers should take a greater interest in the Crown Estate, because its overall management struggles to balance revenue generation with acting in the wider public interest.

Crown Estate chief executive Roger Bright said: "We welcome the Committee’s recognition that we run a successful business operation."[71]

Holdings edit

Urban portfolio edit

This includes the entirety of Regent Street and around half of St James's in London's West End as well as retail property across the UK in locations including Oxford, Exeter, Nottingham, Newcastle, Harlow, and Swansea.[72]

In 2002 the Crown Estate began implementing a £1 billion investment programme to improve Regent Street's commercial, retail, and visitor facilities and public realm. In addition, it is investing £500 million in St James's, including a number of major redevelopments.

Rural portfolio edit

Holdings consist of around 116,000 hectares (287,000 acres) of agricultural land and forests, together with minerals and residential and commercial property.[73]

Agricultural interests Agricultural interests include both livestock and arable farming. Consisting of around 106,000 hectares (263,000 acres) across the UK, they also include 26,900 hectares (66,500 acres) of common land, principally in Wales.[74]
Forestry Around 10,000 hectares (24,700 acres) of forestry[75]
Minerals Rights to extract minerals covers some 115,500 hectares (285,500 acres). Actual operations include 34 lettings, extracting sand, gravel, limestone, granite, brick clay, coal, slate and dimension stone.[76]

Windsor Estate edit

The Windsor Estate covers approximately 6,300 hectares and includes Windsor Great Park, the Home Park of Windsor Castle, extensive forests, residential and commercial properties, golf courses, a racecourse and let farms.

Commercial and residential Offices, retail and hotel 250 hectares
Leisure Golf clubs and Ascot Racecourse 250 hectares
Agriculture Farms 1,200 hectares
Parkland Home Park and Great Park 1,600 hectares
Forestry Woodland areas 3,100 hectares

Marine holdings edit

The Crown Estate's marine holdings consist of:

Foreshore Approximately 55% of the UK's foreshore is owned by the Crown Estate; other owners of UK foreshore include the Duchy of Cornwall and the Duchy of Lancaster. In Orkney and Shetland, the Crown does not claim ownership of foreshore.[77]
Territorial seabed The Crown Estate owns virtually all of the UK's seabed from mean low water to the 12-nautical-mile (22 km) limit.[77]
Continental shelf and extraterritorial rights Sovereign rights of the UK in the seabed and its resources vested by the Continental Shelf Act 1964 (sub-soil and substrata below the surface of the seabed, but excluding oil, gas and coal), the Energy Acts 2004 (renewable energy) and 2008 (gas and carbon storage).[77]

The Crown Estate plays a major role in the development of the offshore wind energy industry in the UK. Other commercial activity managed by the Crown Estate on the seabed includes wave and tidal energy, carbon capture and storage, aggregates, submarine cables and pipelines and the mining of potash. In terms of the foreshore, the Crown Estate issue licences or leases for around 850 aquaculture sites and owns marina space for approximately 18,000 moorings. As of 2020, marine holdings had a value of £4.1 billion.[78]

Other rights and interests edit

Other rights and interests include:

Shopping centres
Retail parks

Cheltenham's Gallagher Retail Park and Warwick's Leamington Shopping Park are owned 50/50 through "The Gibraltar Limited Partnership" with The Hercules Unit Trust, a Jersey-based property unit trust. The estate recently purchased the new Rushden Lakes site in Northamptonshire from its developers.

Retail and office buildings Princes Street, London W1B (near Oxford Circus) with a 66.67% interest.[77]
Savoy Estate apportionment Right to receive 23% of the income from the Duchy of Lancaster's Savoy Estate in London.[77]
Native mussels and oysters in Scotland Wild crustaceans (does not include cultivated crustaceans)[clarification needed]
Reversionary and contingent interests Some properties are sold by the Crown Estate for public benefit (such as educational or religious use) with a reverter clause, which means ownership may revert to the Crown Estate in the event of a change of use.

Hereditary properties of the monarch currently in government use will revert to the Crown Estate in the event of the government use ceasing.[77]

Escheated land Land that has no owner other than the Crown as lord paramount of the whole soil of the country. Escheat can result from bankruptcy or the dissolution of companies. Freehold land owned by dissolved companies which were registered in England or Wales are dealt with by the Treasury Solicitor as bona vacantia.
Licences and right granted at nil rent Includes:
  • water mains
  • cables
  • substations
  • war memorials

Finances edit

In the 2021/2022 fiscal year, the Crown Estate's property evaluation was £15.6 billion with a £312.7 million net revenue profit, which is paid into the Consolidated Fund of the UK government.[1]

Governance edit

Historical edit

Previous officials responsible for managing what is now the Crown Estate were:[80]

Chairmen and chief executives of the Crown Estate Commissioners edit

Chairmen (First Commissioner)

Chief executives (Second Commissioner)

  • 1955–60 – Sir Ronald Montague Joseph Harris (1913–1995)
  • 1960–68 – Sir Jack Alexander Sutherland-Harris (1908–1986)
  • 1968–78 – Sir William Alan Wood (1916–2010)
  • 1978–83 – Sir John Michael Moore (1921–2016)
  • 1983–89 – Dr Keith Dexter (1928–1989)
  • 1989-2001 – Sir Christopher Howes (born 1942)
  • 2001–2011 – Roger Martin Francis Bright (born 1951)
  • 2012–2019 – Dame Alison Nimmo (born 1964)
  • 2019 – Dan Labbad

The chairman (formally titled "first commissioner") is part-time. The chief executive (the "second commissioner") is the only full-time executive member of the Crown Estate's board.[81]

See also edit

Notes edit

  1. ^ a b c d e "Our Annual Report 2021/22 | Our Annual Report 2021/22". www.thecrownestate.co.uk. Retrieved 28 December 2022.
  2. ^ a b c The House of Commons Treasury Committee (2010). The management of the Crown Estate (PDF). London: House of Commons. pp. 5–8.
  3. ^ a b "Sovereign Grant Bill – Further background information provided to Members of Parliament in advance of the Bill's Second Reading Debate on 14 July 2011" (PDF). Her Majesty's Treasury. July 2011. Archived from the original (PDF) on 29 January 2013. Retrieved 28 December 2015.
  4. ^ "FAQs: Who owns The Crown Estate?". London, UK: The Crown Estate. Retrieved 30 July 2019.
  5. ^ a b "Sovereign Grant Act,2011: Guidance". Her Majesty's Treasury (gov.uk). 2011. Retrieved 29 December 2015.
  6. ^ Hayward, Will (5 May 2023). "Welsh people say the Crown Estate should be devolved to Wales". WalesOnline. Retrieved 7 May 2023.
  7. ^ a b "Crown Estate Act, 1961" (PDF). Her Majesty's Stationery Office and Queen's Printer of Acts of Parliament. 1961. pp. 5–7. Retrieved 31 December 2015.
  8. ^ "The management of the Crown Estate". Parliament of the United Kingdom. Retrieved 17 May 2018.
  9. ^ . The Crown Estate. Archived from the original on 18 December 2015. Retrieved 29 December 2015.
  10. ^ "Gracious Message from the Queen to the House of Commons re: Sovereign Grant" (PDF). Buckingham Palace. 2011. Archived from the original (PDF) on 29 January 2013. Retrieved 29 December 2015.
  11. ^ "FAQs: What is The Crown Estate's relationship with the Treasury?". London, UK: The Crown Estate. Retrieved 30 July 2019.
  12. ^ "Integrated Annual Report 2015/16" (PDF). The Crown Estate. Retrieved 19 October 2016.
  13. ^ "Schedule of The Crown Estate's properties rights and interests June 2015" (PDF). The Crown Estate. Retrieved 19 October 2016.
  14. ^ House of Commons Treasury Committee (2010). The Management of the Crown Estate: Eighth Report of Session 2009-10. Vol. 1. Stationery Office. p. 30. ISBN 978-0-215-55322-5. Windsor Castle is an occupied Royal Palace and therefore not part of the Crown Estate.
  15. ^ "Our Portfolio". The Crown Estate. Archived from the original on 7 October 2016. Retrieved 19 October 2016.
  16. ^ "Commercial Development of Mines Royal". The Crown Estate. Archived from the original on 2 June 2016. Retrieved 19 October 2016.
  17. ^ "Report of the Royal Trustees on the sovereign grant" (PDF). HM government. Retrieved 11 October 2018.
  18. ^ "Our history". London, UK: The Crown Estate. Retrieved 12 June 2020.
  19. ^ Pugh 1960, p. 2.
  20. ^ Huscroft 2016, p. 89.
  21. ^ a b Bartlett 2000, p. 161.
  22. ^ Pugh 1960, pp. 3–4.
  23. ^ Pugh, p. 5
  24. ^ a b c d e UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved 11 June 2022.
  25. ^ Commissioners of Woods, Forests and Land Revenues 1792, p. 7, s. 26.
  26. ^ a b c H M Treasury "Blue Note", Class X, 2, 1912
  27. ^ a b c Best 1901, p. 1.
  28. ^ a b c Best 1901, p. 2.
  29. ^ Kelso, Paul (6 March 2000). "The royal family and the public purse". The Guardian. Retrieved 30 January 2018.
  30. ^ Medley, Dudley Julius (30 January 2018). A Student's Manual of English Constitutional History. B. Blackwell. p. 501. Retrieved 30 January 2018 – via Internet Archive. george iii crown estate debts.
  31. ^ "King Charles III surrenders hereditary revenues in return for sovereign grant funding official duties". Fox Business. 10 September 2022.
  32. ^ King Charles III: First year of the reign (PDF). House of Commons of the United Kingdom. 2023. p. 18. Approving one of his first Orders in Council, the Monarch confirmed his willingness to surrender the Crown's hereditary revenues in return for the Sovereign Grant, which is set annually as a proportion of net revenues from the Crown Estate.
  33. ^ Ilbert, C. P., The Times, 14 August 1871, p. 4
  34. ^ United Kingdom. Her Majesty's Treasury. "Sovereign Grant Act: frequently asked questions relating to the Act and on general issues." Archived 29 January 2013 at the UK Government Web Archive Accessed 2 May 2013.
  35. ^ "Girl asks Queen to stop her eviction". BBC. 26 April 2014. Retrieved 30 January 2018.
  36. ^ . The Crown Estate. Archived from the original on 3 May 2014. Retrieved 30 January 2018.
  37. ^ "Pwy sy'n berchen ar wely'r môr, a pham mae'n bwysig". ymchwil.senedd.cymru (in Welsh). Retrieved 6 May 2023.
  38. ^ "Written evidence submitted by the Crown Estate (GRD0028)". committees.parliament.uk.
  39. ^ "Petition seeks control of Wales' Crown Estate land". BBC News. 23 January 2022. Retrieved 6 May 2023.
  40. ^ a b "Wales Highlights 2021/22" (PDF).
  41. ^ "The Crown Estate to invest £1.2million in Welsh tidal stream energy innovation | The Crown Estate to invest £1.2million in Welsh tidal stream energy innovation". www.thecrownestate.co.uk. Retrieved 6 May 2023.
  42. ^ "Wales Highlights 2020/21" (PDF). The Crown Estate.
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  44. ^ "Fyddai datganoli Ystâd y Goron ddim yn dod â budd i Gymru, medd Ysgrifennydd Cymru". Golwg360 (in Welsh). 6 January 2022. Retrieved 5 May 2023.
  45. ^ "'Outrageous that Crown Estate is devolved to Scotland and not Wales' says Welsh minister". Nation.Cymru. 26 January 2022. Retrieved 6 May 2023.
  46. ^ "Welsh LibDems demand devolving the Crown Estate to Wales". Morning Star. 26 March 2023. Retrieved 6 May 2023.
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  49. ^ "33 Geo. 3 c. 34". The statutes at large, passed in the Parliaments held in Ireland. Vol. 16. Dublin: Boulter Grierson. 1796. p. 863.
  50. ^ a b c d e "The Fourth Report of the Commissioners, appointed to enquire into the Fees, Gratuities, Perquisites, and Emoluments, which are or have been lately received in certain Public Offices in Ireland; and also, to examine into any Abuses which may exist in the same; and into the present Mode of receiving, collecting, issuing, and accounting for Public Money in Ireland". Parliamentary Reports: Accounts &c. Vol. 6. 20 December 1806. pp. 58–65.
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  54. ^ Commissioners' Report for 1853, p. 601, and 1855, pp. 42–43
  55. ^ Commissioners' Report for 1855, p.47
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References edit

  • Annual Reports of Commissioners of Woods and Forests 1811, 1853 and 1855
  • Bartlett, Robert (2000). England Under the Norman and Angevin Kings, 1075-1225. New Oxford History of England. Clarendon Press. ISBN 9780199251018.
  • Best, G. Percival (March 1901). "The Civil List and the Hereditary Revenues of the Crown" (PDF). The Fortnightly Review. (PDF) from the original on 12 June 2023.
  • Commissioners of Woods, Forests and Land Revenues (1792). "Part 1". (PDF). Archived from the original (PDF) on 15 June 2011.
  • Crown Estate, . Retrieved July 2009
  • Huscroft, Richard (2016). Ruling England, 1042–1217 (2nd ed.). Routledge. ISBN 978-1138786554.
  • Pugh, R. B. (1960), (PDF), The Crown Estate, archived from the original (PDF) on 9 April 2011

Further reading edit

  • Wolffe, B. P. (1971). The Royal Demesne in English History: The Crown Estate in the Governance of the Realm from the Conquest to 1509. London: George Allen & Unwin. ISBN 0049420879.

External links edit

  • Official website
    • Text of the Crown Estate Act 1961 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.

    crown, estate, collection, lands, holdings, united, kingdom, belonging, british, monarch, corporation, sole, making, sovereign, public, estate, which, neither, government, property, part, monarch, private, estate, england, wales, northern, ireland, managed, co. The Crown Estate is a collection of lands and holdings in the United Kingdom belonging to the British monarch as a corporation sole making it the sovereign s public estate which is neither government property nor part of the monarch s private estate 2 3 4 5 The Crown Estate in England Wales and Northern Ireland is managed by the Crown Estate Commissioners In Scotland the Crown Estate is managed by Crown Estate Scotland since the Scottish estate was devolved in 2017 6 The Crown EstateCompany typeStatutory corporation under the Crown Estate Act 1961IndustryProperty managementFounded1760FounderParliament and George III by the establishement of the Civil ListHeadquartersSt James s MarketLondon SW1Area servedUnited KingdomKey peopleSir Robin Budenberg Chairman Dan Labbad Chief Executive ProductsPropertyresidentialseabed managementreal estate servicesofficesshopping centresRevenue 490 8 million 2022 486 9 million 2021 1 Net income 312 7 million 2022 269 3 million 2021 1 75 to HM Treasury25 to The MonarchTotal assets 15 6 billion 2022 14 4 billion 2021 1 OwnerCharles III in right of The Crown Websitewww wbr thecrownestate wbr co wbr ukThe sovereign has an official but not personal claim to the estate is not involved with the management or administration of the estate and has no control of its affairs For all practical purposes it is state property 7 and in part funds the monarchy The estate s extensive portfolio is overseen by a semi independent incorporated public body headed by the Crown Estate Commissioners who exercise the powers of ownership of the estate although they are not owners in their own right 2 The revenues from these hereditary possessions have been placed by the monarch at the disposition of His Majesty s Government in exchange for relief from the responsibility to fund the Civil Government 8 These revenues proceed directly to His Majesty s Treasury for the benefit of the British nation a percentage of them is then distributed back to the monarch 2 9 10 The Crown Estate is formally accountable to the Parliament of the United Kingdom 11 where it is legally mandated to provide an annual report for the sovereign a copy of which is forwarded to the House of Commons 7 The Crown Estate is one of the largest property managers in the United Kingdom administering property worth 15 6 billion 1 with urban properties valued at 9 1 billion 12 representing the majority of the estate by value These include many properties in central London but the estate also controls 7 920 km2 3 060 sq mi agricultural land and forest and more than half of the UK s foreshore and retains various other traditional holdings and rights including Ascot Racecourse and Windsor Great Park 13 While Windsor Home Park is also part of the Crown Estate occupied royal palaces such as Windsor Castle itself are not part of the Crown Estate but are managed through the Royal Household 14 Naturally occurring gold and silver in the UK collectively known as Mines Royal are managed by the Crown Estate and leased to mining operators 15 16 Historically Crown Estate properties were administered by the reigning monarch to help fund the business of governing the country However in 1760 George III surrendered control over the estate s revenues to the Treasury 5 thus relieving him of the responsibility of paying for the costs of the civil service defence costs the national debt and his own personal debts In return he received an annual grant known as the Civil List By tradition each subsequent monarch agreed to this arrangement upon his or her accession On 1 April 2012 under the terms of the Sovereign Grant Act 2011 SSG the Civil List was abolished and the monarch has since been provided with a stable source of revenue indexed to a percentage of the Crown Estate s annual net income 17 This was intended to provide a long term solution and remove the politically sensitive issue of Parliament having to debate the Civil List allowance every ten years Subsequently the Sovereign Grant Act allows for all future monarchs to simply extend these provisions for their reigns by Order in Council 3 The act does not imply any legal change in the nature of the estate s ownership but is simply a benchmark by which the sovereign grant is set as a grant by Parliament Contents 1 History 1 1 Crown land in England and Wales 1 1 1 Wales 1 2 Crown land in Ireland 1 3 Crown land in Scotland 1 3 1 Crown Estate Scotland 2 Present day 2 1 Crown Estate Act 1961 2 1 1 Summary of the Act 3 Holdings 3 1 Urban portfolio 3 2 Rural portfolio 3 3 Windsor Estate 3 4 Marine holdings 3 5 Other rights and interests 3 6 Finances 4 Governance 4 1 Historical 4 2 Chairmen and chief executives of the Crown Estate Commissioners 5 See also 6 Notes 7 References 8 Further reading 9 External linksHistory editCrown land in England and Wales edit The history of the Crown lands in England and Wales begins with the Norman Conquest in 1066 18 By right of conquest William I r 1066 1087 owned all the land in England and was able to redistribute it based on feudal principles Tenants in chief received land directly from the king in return for military service The land that the king kept for himself was called the royal demesne and divided into royal manors 19 When the Domesday survey was completed in 1086 the king was still the largest single landholder possessing over 18 percent of the landed estates in England Between 10 and 30 percent of each county belonged to the royal demesne The king delegated management of royal lands to his sheriffs Each year the sheriff paid the king a fixed sum called the county farm and was allowed to keep any surplus 20 The county farms were the largest source of royal revenue totaling over 10 000 annually 21 The size of the royal demesne fluctuated over time The 70 years after William I died saw substantial alienation of lands especially during the Anarchy when King Stephen and Empress Matilda attempted to buy support with land grants 22 Crown lands were often used as patronage to reward the king s family friends and servants At the same time the Crown lands also grew through confiscations and escheat 21 The Crown lands were augmented as well as depleted over the centuries Edward I extended his possessions into Wales and James VI amp I had his own Crown lands in Scotland which were ultimately combined with the Crown lands of England and Wales 23 The disposals outweighed the acquisitions at the time of the Restoration in 1660 the total revenue arising from Crown lands was estimated to be 263 598 equal to 42 102 836 today 24 25 By the end of the reign of William III 1689 1702 it was reduced to some 6 000 equal to 1 045 241 today 24 26 Before the reign of William III all the revenues of the kingdom were bestowed on the monarch for the general expenses of government These revenues were of two kinds 27 the hereditary revenues derived principally from the Crown lands feudal rights commuted for the hereditary excise duties in 1660 profits of the post office with licences etc the temporary revenues derived from taxes granted to the king for a term of years or for life After the Glorious Revolution Parliament retained under its own control the greater part of the temporary revenues and relieved the sovereign of the cost of the naval and military services and the burden of the national debt During the reigns of William III Anne George I and George II the sovereign remained responsible for the maintenance of the civil government and for the support of the royal household and dignity being allowed for these purposes the hereditary revenues and certain taxes 27 As the state machinery expanded the cost of the civil government exceeded the income from the Crown lands and feudal rights this created a personal debt for the monarch On George III s accession he surrendered the income from the Crown lands to Parliament and abrogated responsibility for the cost of the civil government and the clearance of associated debts As a result and to avoid pecuniary embarrassment he was granted a fixed civil list payment and the income retained from the Duchy of Lancaster 28 The King surrendered to parliamentary control the hereditary excise duties post office revenues and the small branches of hereditary revenue including rents of the Crown lands in England which amounted to about 11 000 or 1 769 392 today 24 and was granted a civil list annuity of 800 000 equal to 128 683 019 today 24 for the support of his household subject to the payment of certain annuities to members of the royal family 28 Although the King had retained large hereditary revenues his income proved insufficient for his charged expenses because he used the privilege to reward supporters with bribes and gifts 29 Debts amounting to over 3 million equal to 255 119 701 today 24 over the course of George s reign were paid by Parliament and the civil list annuity was then increased from time to time 30 Every succeeding sovereign down to and including Charles III renewed the arrangement made between George III and Parliament 31 32 By the 19th century the practice was recognised as an integral part of the Constitution which would be difficult to abandon 27 33 Nevertheless a review of funding arrangements for the monarchy led to the passage of the Sovereign Grant Act 2011 which according to HM Treasury is 34 A new consolidated grant rounding together the Civil List Royal Palaces and Royal Travel grants in aid It is intended that future funding will be set as a fraction of The Crown Estate revenue and paid through the annual Treasury Estimates process and subject to full National Audit Office audit The Grant is to enable The Queen to discharge her duties as Head of State i e it meets the central staff costs and running expenses of Her Majesty s official Household such things as official receptions investitures garden parties and so on It will also cover the maintenance of the Royal Palaces in England and the cost of travel to carry out royal engagements such as opening buildings and other royal visits While the amount of the Grant will be linked to the profits of the Crown Estate those profits will continue to be paid in to the Exchequer they are not to be hypothecated Setting the Grant at a percentage of profits of the Crown Estate will help to put in place a durable and transparent framework In April 2014 it was reported that the Crown Estate was proposing to sell about 200 of its 750 rural homes in the UK and was evicting tenants in preparation 35 36 Wales edit The Crown Estate in Wales includes the coastal seabed up to 12 nautical miles approximately 65 of the foreshore as well as the Welsh river bed and ports and marinas 37 The estate also owns over 50 000 acres of Welsh upland and common land mainly rough grazing land 38 and 250 000 acres of mineral deposits and the rights to gold and silver 39 Various offshore wind projects are part of the Crown Estate in Wales including the proposed Awel y Mor 40 Erebus 100MW Test and Demonstration project and three 100M projects in their assessment stage 40 The Crown Estate announced 1 2million would be invested into the Morlais tidal stream demonstration zone developed by Menter Mon 41 The value of the Welsh Crown Estate has risen from 49 2m in 2020 to 549 1m in 2021 and then to 603m in 2022 The revenue of the Welsh Crown Estate in 2021 was 8 7m 42 Of the Crown Estate revenue 75 goes to the UK Treasury whilst 25 is given to the monarch 43 In Wales there have been multiple calls for the Crown Estate in Wales to be devolved including by Plaid Cymru Welsh Labour and the Welsh Liberal Democrats 44 45 46 An opinion poll in May 2023 also showed strong support for devolving the estate in Wales with a majority of 58 of the people of Wales supporting the devolution of the Crown Estate compared to 19 who are opposed and 23 who don t know Poll breakdown showed that all major political party voters supported devolution of the estate in Wales 47 Crown land in Ireland edit In 1793 George III surrendered the hereditary revenues of the Kingdom of Ireland and was granted a civil list annuity for certain expenses of Irish civil government 28 48 49 Most of the Crown land by then was from forfeitures after the 1641 rebellion or the 1688 91 revolution with some smaller older parcels remaining from earlier rebellions the Dissolution of the Monasteries and the Norman period 50 51 Most confiscated land had been granted away again as under the Adventurers Act 1642 Act of Settlement 1662 and the Act of Resumption 1700 50 51 The balance which remained in Crown hands included the undisposed lands of the 1662 settlement worth less than the small quit rent that a grantee would have had to pay and the balance unsold by the trustees under the 1700 act at its 1703 time limit 50 The scattered Crown lands were farmed out on long leases with little regard to the collection of rent 50 Responsibility lay with the Quit Rent Office which was absorbed in 1827 by the Commissioners of Woods Forests and Land Revenues 48 The largest Crown estate in the 1820s was Pobble O Keefe in Sliabh Luachra at 5 000 acres 2 000 ha 50 51 In 1828 the lease expired and Richard Griffith was appointed to supervise its improvement including the foundation of the model village of Kingwilliamstown 52 In the early 1830s the Crown Estate resumed possession of land in Ballykilcline following the insanity of the head lessee The occupational sub lessees were seven years in arrears with their rent and the result was the Ballykilcline removals free emigration to the new world in 1846 There was further state assisted emigration from overpopulated Crown estates during the Great Famine 53 There is evidence of Crown Estate public work schemes to employ the more distressed in improving drainage etc 54 In 1854 a select committee of the House of Lords concluded that the small estates in Ireland should be sold 55 7 000 acres 2 800 ha were subsequently sold for circa 25 000 equal to 2 5 million today at auction and 10 000 equal to 1 million today by private treaty a major disinvestment with reinvestment in Great Britain 26 Article 11 of the 1922 Constitution of the Irish Free State provided that Crown Estate land within the Irish Free State would belong to the state 56 which took over administrative responsibilities on 1 April 1923 At the time of handover quit rents totalled 23 418 equal to 1 million today and rent from property 1 191 equal to 72 000 today 26 The estates handed over mostly comprised foreshore 57 The Crown Estate in Northern Ireland in 1960 comprised a few quit rents yielding yearly only 38 57 By 2016 it had an income of 1 4 million from cables pipelines and windfarms on the foreshore and goldmining in County Tyrone 58 59 Development of the seabed below low tide is hampered by a sovereignty dispute with the Republic of Ireland 60 Crown land in Scotland edit Main article Crown Estate Scotland It was not until 1830 that King William IV revoked the income from the Crown estates in Scotland 61 The hereditary land revenues of the Crown in Scotland formerly under the management of the Barons of the Exchequer were transferred to the Commissioners of Woods Forests Land Revenues Works and Buildings and their successors under the Crown Lands Scotland Acts of 1832 1833 and 1835 62 These holdings mainly comprised former ecclesiastical land following the abolition of the episcopacy in 1689 in Caithness and Orkney and ancient royal possession in Stirling and Edinburgh and feudal dues 57 There was virtually no urban property Most of the present Scottish estate excepting foreshore and salmon fishing is due to inward investment including Glenlivet Estate the largest area of land managed by the Crown Estate in Scotland purchased in 1937 63 Applegirth Fochabers and Whitehill estates purchased in 1963 1937 and 1969 respectively 64 After winning the 2011 Scottish election the Scottish National Party SNP called for the devolution of the Crown Estate income to Scotland 65 In response to this demand the Scotland Office decided against dividing up the Crown Estates However plans were developed to allocate some of the Crown Estate income to the Big Lottery Fund which would then distribute funds to coastal communities 65 These plans were criticised by the SNP 65 Crown Estate Scotland edit The Scotland Act 2016 allowed the Scottish Government to take control of a portfolio of assets totalling 272 million 339 6 million after a devolved Scottish Crown Estate was established including the rights to develop marine energy projects in the country A new public body Crown Estate Scotland CES was established to manage these assets 66 The Scotland Act 2016 allowed a transfer scheme to for devolution of powers over the management of revenue management of Scottish assets on 1 April 2017 67 Prior to the handover the Crown Estate owned a multi million stake in Fort Kinnaird retail park in Edinburgh representing about 60 of the value of all Crown assets in Scotland This was not passed to Crown Estates Scotland with other Scottish properties in 2016 Two years later the Crown Estate sold its stake and used the funds to assume full ownership of the Gallagher Retail Park in Cheltenham 68 Present day editCrown Estate Act 1961 edit Crown Estate Act 1961Act of Parliament nbsp Parliament of the United KingdomLong titleAn Act to make new provision in place of the Crown Lands Acts 1829 to 1936 as to the powers exercisable by the Crown Estate Commissioners for the management of the Crown Estate to transfer to the management of the Minister of Works certain land of the Crown Estate in Regent s Park and extend or clarify the powers of that Minister in Regent s Park to amend the Forestry Transfer of Woods Act 1923 as it affects the Crown Estate to amend the law as to escheated land and for purposes connected therewith Citation9 amp 10 Eliz 2 c 55Territorial extent nbsp England nbsp Wales nbsp Scotland nbsp Northern Ireland nbsp Isle of ManDatesRoyal assent27 July 1961Other legislationRepeals revokes6 Hen 8 c 15Sales to the Crown Act 1746Crown Lands Act 1825Crown Lands Act 1832Crown Lands Scotland Act 1832Demise of Parts of Rolls Estate Act 1836Metropolitan Improvements Act 1841Crown Lands Act 1841Commissioners of Woods Audit Act 1844Improvements Metropolis Act 1844Crown Lands Act 1845Crown Lands Act 1848Crown Lands Copyholds Act 1851Crown Lands Act 1852Crown Lands Act 1855Delamere Forest Act 1856Crown Lands Act 1866Crown Lands Act 1873Commissioners of Woods Thames Piers Act 1879Crown Lands Act 1885Crown Estate Act 1956Text of statute as originally enactedText of the Crown Estate Act 1961 as in force today including any amendments within the United Kingdom from legislation gov uk The Crown Estate is now a statutory corporation run on commercial lines by the Crown Estate Commissioners under the provisions of the Crown Estate Act 1961 Under that Act the Crown Estate Commissioners have a duty while maintaining the Crown Estate as an estate in land to maintain and enhance its value and the return obtained from it but with due regard to the requirements of good management 69 The Act provides among other things that Section 1 5 The validity of transactions entered into by the Commissioners shall not be called in question on any suggestion of their not having acted in accordance with the provisions of this Act regulating the exercise of their powers or of their having otherwise acted in excess of their authority nor shall any person dealing with the Commissioners be concerned to inquire as to the extent of their authority or the observance of any restrictions on the exercise of their powers Summary of the Act edit The Act includes the following 70 The Crown Estate is an estate in land only apart from cash and gilts holdings necessary for the conduct of business The Crown Estate Commissioners who comprise the main board are approved by the monarch on the advice of the Prime Minister They are limited to eight persons The board of commissioners have a duty to maintain and enhance the capital value of the estate and its revenue income but at the same time take into account the need to observe a high standard of estate management practice When selling or letting its property the Crown Estate should always seek to achieve the best consideration i e price which can reasonably be obtained in all the circumstances but discounting any monopoly value mainly from ownership of the foreshore and seabed The Crown Estate cannot grant leases for a term of longer than 150 years The Crown Estate cannot grant land options for more than ten years unless the property is re valued when the option is exercised The Crown Estate cannot borrow money Donations can be made for religious or educational purposes connected with the estate or for tenants welfare Otherwise charitable donations are forbidden The character of the Windsor Estate park and forest must be preserved no part of the estate may be sold A report should be submitted to the monarch and to Parliament annually showing the performance of the estate over the previous year The Crown Estate should observe professional accounting practices and distinguish in its accounts between capital and revenue Money received as a premium from a tenant on the granting of a new lease should be allocated between capital and revenue as follows where the lease is for a term of thirty years or less it must be treated as revenue for leases of more than thirty years it must be treated as capital In 2010 a UK Parliament Treasury Committee report on the Crown Estate the first for twenty years reported that it is alarmed that the Crown Estate in 2007 started investing in joint ventures such as the Gibraltar Limited Partnership which it says is in grave financial difficulties The Crown Estate owns 50 of the partnership which owns the Fort Kinnaird retail park near Edinburgh the Crown Estate has a monopoly over the marine environment and has focused too strongly on collecting revenues rather than acting in the long term public interest around ports and harbours the quality of residential property management in the urban estate falls short Consultation processes have lacked transparency and the committee was particularly concerned that the Crown Estate had failed to consult local bodies which had rights to nominate key workers some non commercial historic properties should be reviewed with a view to transferring management to conservation bodies such as English Heritage ministers should take a greater interest in the Crown Estate because its overall management struggles to balance revenue generation with acting in the wider public interest Crown Estate chief executive Roger Bright said We welcome the Committee s recognition that we run a successful business operation 71 Holdings editUrban portfolio edit This includes the entirety of Regent Street and around half of St James s in London s West End as well as retail property across the UK in locations including Oxford Exeter Nottingham Newcastle Harlow and Swansea 72 In 2002 the Crown Estate began implementing a 1 billion investment programme to improve Regent Street s commercial retail and visitor facilities and public realm In addition it is investing 500 million in St James s including a number of major redevelopments Rural portfolio edit Holdings consist of around 116 000 hectares 287 000 acres of agricultural land and forests together with minerals and residential and commercial property 73 Agricultural interests Agricultural interests include both livestock and arable farming Consisting of around 106 000 hectares 263 000 acres across the UK they also include 26 900 hectares 66 500 acres of common land principally in Wales 74 Forestry Around 10 000 hectares 24 700 acres of forestry 75 Minerals Rights to extract minerals covers some 115 500 hectares 285 500 acres Actual operations include 34 lettings extracting sand gravel limestone granite brick clay coal slate and dimension stone 76 Windsor Estate edit The Windsor Estate covers approximately 6 300 hectares and includes Windsor Great Park the Home Park of Windsor Castle extensive forests residential and commercial properties golf courses a racecourse and let farms Commercial and residential Offices retail and hotel 250 hectaresLeisure Golf clubs and Ascot Racecourse 250 hectaresAgriculture Farms 1 200 hectaresParkland Home Park and Great Park 1 600 hectaresForestry Woodland areas 3 100 hectaresMarine holdings edit The Crown Estate s marine holdings consist of Foreshore Approximately 55 of the UK s foreshore is owned by the Crown Estate other owners of UK foreshore include the Duchy of Cornwall and the Duchy of Lancaster In Orkney and Shetland the Crown does not claim ownership of foreshore 77 Territorial seabed The Crown Estate owns virtually all of the UK s seabed from mean low water to the 12 nautical mile 22 km limit 77 Continental shelf and extraterritorial rights Sovereign rights of the UK in the seabed and its resources vested by the Continental Shelf Act 1964 sub soil and substrata below the surface of the seabed but excluding oil gas and coal the Energy Acts 2004 renewable energy and 2008 gas and carbon storage 77 The Crown Estate plays a major role in the development of the offshore wind energy industry in the UK Other commercial activity managed by the Crown Estate on the seabed includes wave and tidal energy carbon capture and storage aggregates submarine cables and pipelines and the mining of potash In terms of the foreshore the Crown Estate issue licences or leases for around 850 aquaculture sites and owns marina space for approximately 18 000 moorings As of 2020 update marine holdings had a value of 4 1 billion 78 Other rights and interests edit Other rights and interests include Shopping centres CrownGate Shopping Centre Worcester Westgate Shopping Centre in Oxford and Princesshay Shopping Centre in Exeter are a 50 50 joint venture partnership with Land Securities The Crown Estate has a 5 share of Lend Lease Retail Partnership which provides an equity interest in the Bluewater Shopping Centre in Kent and the Touchwood Shopping Centre in Solihull Retail parks Crown Point Shopping Park in Leeds MK1 Shopping Park in Milton Keynes Silverlink Shopping Park in North Tyneside Aintree Shopping Park in Merseyside Altrincham Retail Park in Trafford Bath Road Shopping Park in Slough Ocean Retail Park in Portsmouth Queensgate Centre in Harlow South Aylesford Retail Park in Maidstone Apsley Mills Retail Park in Hemel Hempstead Victoria Retail Park in Nottingham Morfa Shopping Park in Swansea 79 Coliseum Retail Park in Cheshire Oaks Ellesmere Port has been bought for 81mCheltenham s Gallagher Retail Park and Warwick s Leamington Shopping Park are owned 50 50 through The Gibraltar Limited Partnership with The Hercules Unit Trust a Jersey based property unit trust The estate recently purchased the new Rushden Lakes site in Northamptonshire from its developers Retail and office buildings Princes Street London W1B near Oxford Circus with a 66 67 interest 77 Savoy Estate apportionment Right to receive 23 of the income from the Duchy of Lancaster s Savoy Estate in London 77 Native mussels and oysters in Scotland Wild crustaceans does not include cultivated crustaceans clarification needed Reversionary and contingent interests Some properties are sold by the Crown Estate for public benefit such as educational or religious use with a reverter clause which means ownership may revert to the Crown Estate in the event of a change of use Hereditary properties of the monarch currently in government use will revert to the Crown Estate in the event of the government use ceasing 77 Escheated land Land that has no owner other than the Crown as lord paramount of the whole soil of the country Escheat can result from bankruptcy or the dissolution of companies Freehold land owned by dissolved companies which were registered in England or Wales are dealt with by the Treasury Solicitor as bona vacantia Licences and right granted at nil rent Includes water mainscablessubstationswar memorialsFinances edit In the 2021 2022 fiscal year the Crown Estate s property evaluation was 15 6 billion with a 312 7 million net revenue profit which is paid into the Consolidated Fund of the UK government 1 Governance editHistorical edit Previous officials responsible for managing what is now the Crown Estate were 80 Surveyor General of Woods Forests Parks and Chases and Surveyor General of the Land Revenues of the Crown 17th century to 1810 Commissioners of Woods Forests and Land Revenues 1810 1831 Commissioners of Woods Forests Land Revenues Works and Buildings 1832 1850 Commissioners of Woods Forests and Land Revenues 1851 1924 Commissioners of Crown Lands 1924 1954Chairmen and chief executives of the Crown Estate Commissioners edit Chairmen First Commissioner 1955 62 Sir Malcolm Trustram Eve later Lord Silsoe 1894 1976 1962 77 The Earl of Perth 1907 2002 1977 80 Lord Thomson of Monifieth 1921 2008 1980 85 The Earl of Crawford and Balcarres 1927 2023 1985 95 The Earl of Mansfield and Mansfield 1930 2015 1995 2002 Sir Denys Hartley Henderson 1932 2016 2002 2009 Sir Ian David Grant 1943 2022 2010 2016 Sir Stuart Hampson born 1947 2016 Sir Robin Budenberg born 1959 Chief executives Second Commissioner 1955 60 Sir Ronald Montague Joseph Harris 1913 1995 1960 68 Sir Jack Alexander Sutherland Harris 1908 1986 1968 78 Sir William Alan Wood 1916 2010 1978 83 Sir John Michael Moore 1921 2016 1983 89 Dr Keith Dexter 1928 1989 1989 2001 Sir Christopher Howes born 1942 2001 2011 Roger Martin Francis Bright born 1951 2012 2019 Dame Alison Nimmo born 1964 2019 Dan LabbadThe chairman formally titled first commissioner is part time The chief executive the second commissioner is the only full time executive member of the Crown Estate s board 81 See also editBalmoral Castle Crown Estate Paving Commission Duchy of Cornwall Duchy of Lancaster Prince s Coverts Area of managed woodland in Oxshott Surrey Regent Street Sandringham House Windsor Great Park Patrimonio NacionalNotes edit a b c d e Our Annual Report 2021 22 Our Annual Report 2021 22 www thecrownestate co uk Retrieved 28 December 2022 a b c The House of Commons Treasury Committee 2010 The management of the Crown Estate PDF London House of Commons pp 5 8 a b Sovereign Grant Bill Further background information provided to Members of Parliament in advance of the Bill s Second Reading Debate on 14 July 2011 PDF Her Majesty s Treasury July 2011 Archived from the original PDF on 29 January 2013 Retrieved 28 December 2015 FAQs Who owns The Crown Estate London UK The Crown Estate Retrieved 30 July 2019 a b Sovereign Grant Act 2011 Guidance Her Majesty s Treasury gov uk 2011 Retrieved 29 December 2015 Hayward Will 5 May 2023 Welsh people say the Crown Estate should be devolved to Wales WalesOnline Retrieved 7 May 2023 a b Crown Estate Act 1961 PDF Her Majesty s Stationery Office and Queen s Printer of Acts of Parliament 1961 pp 5 7 Retrieved 31 December 2015 The management of the Crown Estate Parliament of the United Kingdom Retrieved 17 May 2018 The Crown Estate Who We Are The Crown Estate Archived from the original on 18 December 2015 Retrieved 29 December 2015 Gracious Message from the Queen to the House of Commons re Sovereign Grant PDF Buckingham Palace 2011 Archived from the original PDF on 29 January 2013 Retrieved 29 December 2015 FAQs What is The Crown Estate s relationship with the Treasury London UK The Crown Estate Retrieved 30 July 2019 Integrated Annual Report 2015 16 PDF The Crown Estate Retrieved 19 October 2016 Schedule of The Crown Estate s properties rights and interests June 2015 PDF The Crown Estate Retrieved 19 October 2016 House of Commons Treasury Committee 2010 The Management of the Crown Estate Eighth Report of Session 2009 10 Vol 1 Stationery Office p 30 ISBN 978 0 215 55322 5 Windsor Castle is an occupied Royal Palace and therefore not part of the Crown Estate Our Portfolio The Crown Estate Archived from the original on 7 October 2016 Retrieved 19 October 2016 Commercial Development of Mines Royal The Crown Estate Archived from the original on 2 June 2016 Retrieved 19 October 2016 Report of the Royal Trustees on the sovereign grant PDF HM government Retrieved 11 October 2018 Our history London UK The Crown Estate Retrieved 12 June 2020 Pugh 1960 p 2 Huscroft 2016 p 89 a b Bartlett 2000 p 161 Pugh 1960 pp 3 4 Pugh p 5 a b c d e UK Retail Price Index inflation figures are based on data from Clark Gregory 2017 The Annual RPI and Average Earnings for Britain 1209 to Present New Series MeasuringWorth Retrieved 11 June 2022 Commissioners of Woods Forests and Land Revenues 1792 p 7 s 26 a b c H M Treasury Blue Note Class X 2 1912 a b c Best 1901 p 1 a b c Best 1901 p 2 Kelso Paul 6 March 2000 The royal family and the public purse The Guardian Retrieved 30 January 2018 Medley Dudley Julius 30 January 2018 A Student s Manual of English Constitutional History B Blackwell p 501 Retrieved 30 January 2018 via Internet Archive george iii crown estate debts King Charles III surrenders hereditary revenues in return for sovereign grant funding official duties Fox Business 10 September 2022 King Charles III First year of the reign PDF House of Commons of the United Kingdom 2023 p 18 Approving one of his first Orders in Council the Monarch confirmed his willingness to surrender the Crown s hereditary revenues in return for the Sovereign Grant which is set annually as a proportion of net revenues from the Crown Estate Ilbert C P The Times 14 August 1871 p 4 United Kingdom Her Majesty s Treasury Sovereign Grant Act frequently asked questions relating to the Act and on general issues Archived 29 January 2013 at the UK Government Web Archive Accessed 2 May 2013 Girl asks Queen to stop her eviction BBC 26 April 2014 Retrieved 30 January 2018 News The Crown Estate Archived from the original on 3 May 2014 Retrieved 30 January 2018 Pwy sy n berchen ar wely r mor a pham mae n bwysig ymchwil senedd cymru in Welsh Retrieved 6 May 2023 Written evidence submitted by the Crown Estate GRD0028 committees parliament uk Petition seeks control of Wales Crown Estate land BBC News 23 January 2022 Retrieved 6 May 2023 a b Wales Highlights 2021 22 PDF The Crown Estate to invest 1 2million in Welsh tidal stream energy innovation The Crown Estate to invest 1 2million in Welsh tidal stream energy innovation www thecrownestate co uk Retrieved 6 May 2023 Wales Highlights 2020 21 PDF The Crown Estate Value of marine holdings held by Queen s Crown Estate jumps 22 in a year amid devolution calls Nation Cymru 16 June 2022 Retrieved 6 May 2023 Fyddai datganoli Ystad y Goron ddim yn dod a budd i Gymru medd Ysgrifennydd Cymru Golwg360 in Welsh 6 January 2022 Retrieved 5 May 2023 Outrageous that Crown Estate is devolved to Scotland and not Wales says Welsh minister Nation Cymru 26 January 2022 Retrieved 6 May 2023 Welsh LibDems demand devolving the Crown Estate to Wales Morning Star 26 March 2023 Retrieved 6 May 2023 Hayward Will 5 May 2023 Welsh people say the Crown Estate should be devolved to Wales WalesOnline Retrieved 7 May 2023 a b Records of the Quit Rent Office IE NAI QRO National Archives of Ireland Archives Portal Europe Retrieved 30 January 2018 33 Geo 3 c 34 The statutes at large passed in the Parliaments held in Ireland Vol 16 Dublin Boulter Grierson 1796 p 863 a b c d e The Fourth Report of the Commissioners appointed to enquire into the Fees Gratuities Perquisites and Emoluments which are or have been lately received in certain Public Offices in Ireland and also to examine into any Abuses which may exist in the same and into the present Mode of receiving collecting issuing and accounting for Public Money in Ireland Parliamentary Reports Accounts amp c Vol 6 20 December 1806 pp 58 65 a b c Reports of Commissioners of Inquiry into Quit Rents and Crown Lands in Ireland Abstract of Quit Crown and other Rents in Ireland Vol HC 1824 458 21 71 HMSO 22 June 1824 pp 5 13 Pobble O Keefe Dublin Penny Journal Library Ireland 1 21 17 November 1832 Retrieved 30 January 2018 Tepper Michael 1979 New World Immigrants A Consolidation of Ship Passenger Lists and Associated Data from Periodical Literature Genealogical Publishing Com pp 487 488 ISBN 978 0 8063 0854 8 Retrieved 30 January 2018 Reports on Experimental Improvements on Crown Estate of King William s Town in County Cork further report of Mr Griffiths to the Commissioners of Her Majesty s Woods Vol HC 1851 637 50 437 0 4 August 1851 Ellis Eilish 1960 State Aided Emigration Schemes from Crown Estates in Ireland c 1850 Analecta Hibernica Irish Manuscripts Commission 22 328 394 JSTOR 5511883 reprinted in Tepper Michael ed 1979 New World Immigrants A Consolidation of Ship Passenger Lists and Associated Data from Periodical Literature Genealogical Publishing Com pp 448 ISBN 978 0 8063 0854 8 Retrieved 30 January 2018 Commissioners Report for 1853 p 601 and 1855 pp 42 43 Commissioners Report for 1855 p 47 Constitution of the Irish Free State Saorstat Eireann Act 1922 Schedule 1 Irish Statute Book Article 11 Retrieved 31 January 2018 Flinn Hugo 5 May 1936 Committee on Finance Vote 30 Quit Rent Office Dail Eireann Debates Vol 61 No 15 p 40 c 2189 Retrieved 31 January 2018 The Quit Rent Office deals generally with the management of all forms of Crown property including quit rents which was transferred to Saorstat Eireann by virtue of Article 11 of the Constitution a b c Pugh 1960 p 17 Northern Ireland Highlights 2015 16 PDF Crown Estate June 2016 Retrieved 31 January 2018 McDonnell Francess 18 December 2017 Australian firm the latest to join Northern Irish gold rush The Irish Times Retrieved 31 January 2018 Grimson Dermott 10 February 2012 The Crown Estate and renewables Energy Ireland Retrieved 31 January 2018 Jim and Margaret Cuthbert 18 August 2011 The Sovereign Grant Bill Bad for Scotland and Bad for the UK Bella Caledonia Retrieved 31 January 2014 Pugh 1960 p 18 Paterson Wilma Out of the shadows The Herald 13 November 1999 p 12 thecrownestate co uk Archived from the original on 3 May 2009 a b c Settle Michael 22 July 2011 SNP anger at plan for Crown Estate handout The Herald Retrieved 24 July 2011 Scottish Crown Estate assets transfer to Holyrood Ijglobal com Retrieved 30 January 2018 The Scottish Crown Estate www gov scot Retrieved 7 May 2023 Mackay David 23 June 2018 UK Crown Estate accused of 167 million cash grab from Scottish purse Crown Estate Act 1961 S 1 3 PDF Retrieved 30 January 2018 The Crown Estate Act Brief Summary Archived 15 June 2011 at the Wayback Machine The Crown Estate website Retrieved 12 July 2010 Treasury Committee slates Crown Estate Public Property UK Archived from the original on 5 August 2010 Retrieved 20 July 2010 Crown Estate news Archived from the original on 19 May 2015 The Crown Estate What we do Archived from the original on 16 January 2013 Retrieved 22 January 2013 Agriculture The Crown Estate Archived from the original on 16 January 2013 Retrieved 30 January 2018 Forestry The Crown Estate Archived from the original on 20 February 2018 Retrieved 30 January 2018 Minerals The Crown Estate Archived from the original on 20 February 2018 Retrieved 30 January 2018 a b c d e f List of Assets a Freedom of Information request to The Crown Estate PDF Whatdotheyknow com 6 August 2011 Retrieved 30 January 2018 Russell Tom 24 June 2021 Round 4 record investments bolster Crown Estate s revenue 4c Offshore Archived from the original on 24 June 2021 The Crown Estate Portfolio Scheme Index Completely Retail Completelyretail co uk Retrieved 30 January 2018 FoI Publication Scheme 10 September 2006 Archived from the original on 10 September 2006 Financial Information www thecrownestate co uk Archived from the original on 21 December 2007 Retrieved 13 January 2022 References editAnnual Reports of Commissioners of Woods and Forests 1811 1853 and 1855 Bartlett Robert 2000 England Under the Norman and Angevin Kings 1075 1225 New Oxford History of England Clarendon Press ISBN 9780199251018 Best G Percival March 1901 The Civil List and the Hereditary Revenues of the Crown PDF The Fortnightly Review Archived PDF from the original on 12 June 2023 Commissioners of Woods Forests and Land Revenues 1792 Part 1 Twelfth Report of the Commissioners appointed to Enquire into the State and Conditions of Woods Forests and Land Revenues of the Crown PDF Archived from the original PDF on 15 June 2011 Crown Estate Annual report and accounts 2009 Retrieved July 2009 Huscroft Richard 2016 Ruling England 1042 1217 2nd ed Routledge ISBN 978 1138786554 Pugh R B 1960 The Crown Estate An Historical Essay PDF The Crown Estate archived from the original PDF on 9 April 2011Further reading editWolffe B P 1971 The Royal Demesne in English History The Crown Estate in the Governance of the Realm from the Conquest to 1509 London George Allen amp Unwin ISBN 0049420879 External links editOfficial website Crown Estate annual report of assets Text of the Crown Estate Act 1961 as in force today including any amendments within the United Kingdom from legislation gov uk Retrieved from https en wikipedia org w index php title Crown Estate amp oldid 1212515931, wikipedia, wiki, book, books, library,

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