CROWN ESTATE SCOTLAND GENERATES NINE MILLION FOR SCOTTISH PUBLIC PURSE
Crown Estate Scotland generates nine million for Scottish public purse in its first year of operation. This is £3m above target, largely due to higher than anticipated salmon production by tenants and careful management of costs
Their first annual report and accounts, published on 12 December, outlines a wide-ranging programme of work to deliver wider value for Scotland, including developing a new scheme to promote local management of land and property and designing proposals for new offshore wind leasing.
Over the year the team generated over £10m in capital to fund investments in rural estates and offshore renewables and other parts of the Estate, and increased the property value of the Scottish Crown Estate by £48.9m to £324.6m.
Amanda Bryan, Chair of Crown Estate Scotland, said: “The team are incredibly proud to have been able to return £9m to Scottish Government, as well as delivering on a range of projects to ensure the land and property we manage benefits businesses, communities and families across Scotland.
“Although the numbers alone are impressive, the wider value we aim to create is just as important. Supporting innovation in renewables, encouraging communities to manage assets, ensuring people can access land to grow their business, secure their future livelihoods, and enjoy Scotland’s environment – all these activities are central to ensuring the Scottish Crown Estate benefits all of Scotland.”