Crown Estate
Property owned by the monarch of the United Kingdom
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2025 | Crown Estate Act 2025 amended the 1961 act, introducing significant changes including removing borrowing restrictions, increasing Commissioners from eight to twelve, funding Commissioner salaries from the Crown Estate, mandating review of sustainable development, restricting seabed disposal, and introducing Commissioners with specific responsibilities for England, Wales, and Northern Ireland. |
February 24 2025 | UK Government officially rejected calls for Crown Estate devolution to Wales. |
February 21 2025 | Majority of Wales principal area councils supported motions advocating for Crown Estate devolution. |
January 2025 | UK government minister stated no discussions with Welsh government had taken place regarding Crown Estate devolution. |
May 2023 | Opinion poll showed 58% of Welsh people supported devolution of the Crown Estate. |
2022 | Value of Welsh Crown Estate increased to £603 million. |
September 10 2022 | King Charles III's first Accession Council included provisions for royal finances, with the King confirming his willingness to surrender control of the Crown's hereditary revenues in exchange for the Sovereign Grant. |
2021 | Crown Estate reported a property valuation of £15.6 billion for the fiscal year 2021/2022, generating a net revenue profit of £312.7 million which was paid into the UK government's Consolidated Fund. |
2021 | Value of Welsh Crown Estate rose to £549.1 million, with revenue of £8.7 million. |
2020 | Value of Welsh Crown Estate was £49.2 million. |
2017 | Scottish Crown Estate was devolved, with management transferred to Crown Estate Scotland. |
2016 | Sir Robin Budenberg becomes Chairman of the Crown Estate Commissioners, replacing Sir Stuart Hampson. |
April 2014 | Crown Estate proposed selling about 200 of its 750 rural homes in the UK and began evicting tenants. |
April 1 2012 | The Civil List was abolished under the Sovereign Grant Act 2011, establishing a new system where the monarch receives revenue indexed to a percentage of the Crown Estate's annual net income. |
2011 | Sovereign Grant Act passed, establishing a new consolidated grant for monarchy funding based on Crown Estate revenue. |
2010 | Sir Stuart Hampson becomes Chairman of the Crown Estate Commissioners, succeeding Sir Ian David Grant. |
2010 | UK Parliament Treasury Committee released a critical report on the Crown Estate, highlighting concerns about joint venture investments, monopoly over marine environment, residential property management, and lack of consultation with local bodies. |
This contents of the box above is based on material from the Wikipedia article Crown Estate, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.