Crown Estate Scotland
Mairi McAllan, Minister for Environment, Biodiversity and Land Reform | |
Public corporation executive |
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Website | www |
Crown Estate Scotland (
Crown Estate Scotland's main income source is from leases on the property, which is mostly in sectors such as offshore renewables, farming, tourism and aquaculture. The corporation is one of the largest property managers in Scotland, managing assets worth £568.2 million as of 2022.
History
The basis for the assets now comprising the Scottish Crown Estate comes from various ancient rights, functions and assets that came to be owned by the
After winning the
A bill based on the Smith Commission's recommendations became law as the Scotland Act 2016 in March 2016. This made provision for the devolution for the management and revenues of Crown Estate assets in Scotland. Crown Estate Scotland was established by The Crown Estate Scotland (Interim Management) Order 2017. Under the Crown Estate Transfer Scheme 2017, the existing functions of the Crown Estate Commissioners and the rights and liabilities set out in the transfer scheme transferred from the Crown Estate Commissioners to Crown Estate Scotland on 1 April 2017.[8] Prior to the handover, the Crown Estate owned a multi-million stake in the Fort Kinnaird retail park which represented 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.[9]
In January 2022 Crown Estate Scotland announced the outcome of the "ScotWind" auction process, where 74 entities applied for rights to offshore wind generation in 17 areas of the seabed (covering a total area of 7,000 km2). The auction raised almost £700m for the Scottish Government, and covers sites estimated to be capable of generating over 24 GW of electricity in total.[10][11] In April, all 17 winners had signed options.[12] Crown Estate Scotland expects that the supply chain industry spends £1.5bn per project.[13]
Assets
Crown Estate Scotland is responsible for managing:[1]
- 35,565 hectares of rural land with agricultural tenancies, residential and commercial properties and forestry on four rural estates (Glenlivet, Fochabers, Applegirth and Whitehill)
- Salmon and sea troutfishing rights on many Scottish rivers
- Around half the foreshore around Scotland including 5,800 moorings and some ports and harbours
- Leasing of virtually all seabed out to 12 nmi (22 km) covering some 750 fish farming sites and agreements with cables & pipeline operators
- The rights to offshore renewable energy and gas and carbon storage out to 200 nmi (370 km)
- Mineral rights over naturally occurring gold and silver across most of Scotland
- Retail and office units at 39-41 George Street Edinburgh [14]
Although
Management and governance
Crown Estate Scotland is a self-financing public corporation of the Scottish Government,[16] i.e. a commercial enterprise under government control. As such it is overseen by a board whose members and chair are appointed by Ministers.[17] Board members are appointed to serve for a two or three-year term, and may not serve for longer than eight years in total. The board appoints a Chief Executive, who is responsible for day-to-day running of the body and is accountable to both Parliament and the Board.[18] As of September 2022 the Chief Executive was Ronan O'Hara.[19]
See also
Notes
- ^ a b c d "About us>FAQs". Crown Estate Scotland. Retrieved 23 January 2020.
- ^ "Crown Estate Scotland Annual Report and Accounts to 31 March 2022". www.crownestatescotland.com. 25 November 2022. Retrieved 13 December 2022.
- ^ "The Scottish Crown Estate". Scottish Government. Retrieved 5 January 2023.
- ^ Pugh, 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. Retrieved 7 April 2017.
- ^ Settle, Michael (22 July 2011). "SNP anger at plan for Crown Estate handout". The Herald. Retrieved 24 July 2011.
- ^ "Crown Estate control transferred to Scottish government". BBC News. 1 April 2017. Retrieved 15 August 2017.
- ^ Mackay, David. "UK Crown Estate accused of £167 million 'cash grab' from Scottish purse".
- ^ "ScotWind offshore auction raises £700m". BBC News. 17 January 2022. Retrieved 19 January 2022.
- ^ "ScotWind offshore wind leasing delivers major boost to Scotland's net zero aspirations". Crown Estate Scotland. 17 January 2022. Retrieved 19 January 2022.
- ^ "17 ScotWind project agreements confirmed". www.windtech-international.com. 19 April 2022.
- ^ "Crown Estate Scotland releases Publication of Supply Chain Development Statement Outlooks". www.windtech-international.com. 28 April 2022.
- ^ "Crown Estate Scotland: The assets". crownestatescotland.com. Retrieved 15 August 2018.
- ^ "Royal Fish: Guidance for dealing with stranded royal fish (e.g. whales over 25 Feet) in Scotland" (PDF). Scottish Government Marine Directorate. September 2007. Retrieved 23 January 2020.
- ^ "National public bodies directory - Public corporations". Scottish Government. 1 July 2018. Retrieved 31 January 2020.
- ^ "Public bodies in Scotland: guide". Scottish Government. 1 July 2018. Retrieved 31 January 2020.
- ^ "About us: Structure & governance". crownestatescotland.com. 2020. Retrieved 31 January 2020.
- ^ "Crown Estate Scotland announces new Chief Executive". crownestatescotland.com. 16 June 2022. Retrieved 13 December 2022.