Among these is the question of whether Westminster will devolve the crown estate. This is a collection of property, rights and interest, owned by his majesty . This should not be confused with the crown estate working for the king. Instead, it means that, while the monarch is the legal owner, it is not the king鈥檚 private property and cannot be sold by the monarch. Revenues from the estate do not belong to the king, they go to the Treasury.
Devolving the crown estate would bring Wales into line with . Welsh Labour has consistently claimed it has a to devolving it. But the new UK government it has not had discussions with the Welsh government about devolving the crown estate to Wales.
The estate鈥檚 assets are managed by commissioners and boards under the . It is a unique business with a history dating back to 1760. That鈥檚 when George III surrendered crown lands to parliament for an annual payment, with the estate鈥檚 profits later going to the Treasury. Since 2011, the estate鈥檚 profit has also been used by the UK government to set the funding for the monarch, under the .
Broadly speaking, the crown estate prioritises environmental projects. This includes cumulative with capacity to generate enough clean energy to generate around 11.8GW. The estate has also committed 拢10 million for the planting of 1,000 acres of new woodland and 200 miles of hedgerows.
In the 2023-24 financial year, the estate announced a record . This is than the previous year, with the uplift mostly attributable to offshore wind leasing.
The crown estate in Scotland
Management of the crown estate was devolved to Scotland in , which means that the revenue is returned to Edinburgh rather than Westminster. The estate the leasing of the seabed up to 12 nautical miles from the coast, 37,000 hectares of rural land, rights to the majority of naturally occurring gold and silver, and around half of Scotland鈥檚 foreshore. This includes 5,800 licensed moorings, 750 aquaculture sites and rights to salmon fishing.
According to its at the end of 2023, the Scottish crown estate had generated 拢103.6 million for the Scottish government鈥檚 purse. The value of the Scottish estate also rose from 拢568.2 million to 拢653.1 million in the last year through its various initiatives and investments.
As a public corporation, the estate in Scotland is accountable to Scottish government ministers and the Scottish parliament. Crucially, the provides that the estate must act in a way that is likely to further sustainable development in Scotland as well as contribute to the promotion, or the improvement of regeneration, social wellbeing and economic wellbeing.
In respect of Wales, it is that the estate owns 65% of the nation鈥檚 foreshore and riverbeds, and more than 50,000 acres of land.
Various campaign groups and politicians for the devolution of the crown estate for several years, so that Wales is put on par with Scotland. In early 2022, a was launched calling for it to be devolved. At the time, the then Conservative secretary of state for Wales Simon Hart that there was no 鈥減ublic interest or appetite鈥 for reform, and added that it was a case of 鈥渋f it ain鈥檛 broke, don鈥檛 fix it鈥.
In 2023, a found that a majority of Welsh people supported devolving the estate to Wales. And in January this year, a by Plaid Cymru MP Liz Saville Roberts, then Labour MP Beth Winter and the Welsh housing justice charter, , to focus on this issue. It was endorsed by actor and activist Michael Sheen.
The campaign argues that Wales should benefit directly from the profits of renewable energy, given its role in initiatives like . It argues that this money could be used to address the poverty and inequality in communities across Wales.
Given Welsh Labour鈥檚 policy commitment, and the change in UK government, one may have expected the two to be moving closer to serious conversations surrounding the future of a crown estate in Wales. Yet, Labour鈥檚 new financial secretary to the Treasury in Westminster, at the end of July: 鈥淚ntroducing a new entity would fragment the market, complicate existing processes, and likely delay further development offshore, undermining investment in Welsh waters.鈥
For decades, devolution in Wales has trailed behind Scotland in respect of the delegated responsibility the nation enjoys. And crown estate devolution appears to be on the back burner for now, possibly partly fuelled by the UK鈥檚 present financial situation. It will be interesting to see whether there is any push back from Welsh Labour.
However, considering the work of the estate in Scotland, it is difficult to see why Wales should not be afforded the same opportunities, particularly at a time when the crown estate is announcing record net profits, and continues in Wales.
Mae'r erthygl hon gan Stephen Clear, Ddarlithydd mewn Cyfraith Gyfansoddiadol a Gweinyddol, a Chaffael Cyhoeddus wedi ei ail-chyhoeddi o The Conversation o dan drwydded Creative Commons. .