The Crown Estate
The Crown Estate is a significant national landowner creating financial, environmental and social value for the nation, both for now and for the long term.
Our £16 billion portfolio includes urban centres and development opportunities; one of the largest rural holdings in the country; an estate across Regent Street and St James’s in London’s West End; and Windsor Great Park. We manage the seabed and much of the coastline around England, Wales and Northern Ireland, playing a major role in the UK’s world-leading offshore wind sector.
Our focus is on delivering three strategic objectives – climate resilience and energy security, thriving communities, and nature recovery. Through these we aim to address national needs where we are best placed to draw on our unique combination of strengths and support economic growth and equality of outcomes.
The Crown Estate is a unique business. Our history goes back to 1760 when George III agreed to surrender to Parliament the net income from Crown lands and hereditary revenue in return for a fixed annual payment. Set up by an Act of Parliament, and occupying a space between the public and private sectors, we act independently and commercially to grow the value of the portfolio for the nation. A company for the country, all of our net revenue profit goes to the Treasury for the benefit of the nation’s finances. This has totalled more than £3.2 billion over the last ten years.
‘When we consider the scale of the environmental crisis, it can feel hard to know where to start, but at The Crown Estate we are clear that ‘doing nothing’ is not an option. Our business touches so many parts of modern life, with a history and heritage rooted in the fabric of the nation. Climate change and protecting the environment is the shared challenge against which history will judge our generation. We are optimistic that together, we can rise to meet this challenge.’Dan Labbad, Chief Executive of The Crown Estate
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