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Crown Estate

The estate, whose portfolio includes Regent Street, Windsor Great Park, and much of the UK's coastline, seabed and farmland, said profits rose 9.6% to £230.9m in the year to March.

Its profits go to the Treasury while the monarch receives a fixed payment.

Under government proposals, the Queen's funding is due to become directly linked to the estate's performance.

Currently, the Queen receives payment from the Treasury, via the Civil List, to meet the costs of her official duties and to cover staff costs. Payments are also received from the Department for Transport and the Department for Culture, Media and Sport.

Roger Bright, chief executive of the Crown Estate, said of the change: "As far as we're concerned it's business as usual. All our profits will still go the Treasury and the Treasury will decide how to use it."

He added, licensing windfarms had increased the value of the estate's seabed, but it was also "invested in prime quality assets in central London and the west end and they're holding their own very well".

 

Posted: 7. July 2011 11:07

Comments

7/7/2011 4:27:44 PM #

It's been interesting to watch the fuss here over this. On the one hand, people complain about too much money being given to the Royals.

When those same Royals start generating more income, it seems that it only leads to more complaints from certain parts of the media. They can't win really!

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