The Crown Estate is a collection of land and assets owned by the Crown, but managed by an independent trust. Its profits are funnelled into the UK Treasury, and 25% of revenues into the Sovereign grant, paid for the upkeep of the royal family.
**The Crown Estate in Wales owns about 65% of the Welsh foreshore and riverbed, and more than 50,000 acres of land.** In 2020-21, the value of the estate went from £96.8m to £603m, reflecting the value of the land for renewable development and other projects.
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>The estimated annual revenue in 2020-2021 was £8.7m. As revealed by Cymru Republic, the value in 2023 was £853m. Since 2016, the Crown Estate has been devolved in Scotland.
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>**Sovereign Wealth Fund**
Siarter Cartrefi say that devolving the Crown Estate could allow Wales to address some of the longstanding challenges the country currently faces (such as child poverty) by creating a sovereign wealth fund for public benefit.
Cris Tomos, Siarter Cartrefi said: “We want to build on the support we have on this important issue.
“Wind farms generate both clean energy and substantial profit, but this money is leaving Wales. Communities across Wales, many in sight of these installations, are living in poverty, this is not fair or acceptable.”
I like Michael Sheen but he’s an actor, all the off shore windfarms are going bankrupt.
3 comments
[Michael Sheen – Devolve the Crown Estate Campaign – 2024 – Ymgyrch Datganoli Ystâd y Goron](https://www.youtube.com/watch?v=hMzsVKVHoIQ)
>**The Crown Estate**
The Crown Estate is a collection of land and assets owned by the Crown, but managed by an independent trust. Its profits are funnelled into the UK Treasury, and 25% of revenues into the Sovereign grant, paid for the upkeep of the royal family.
**The Crown Estate in Wales owns about 65% of the Welsh foreshore and riverbed, and more than 50,000 acres of land.** In 2020-21, the value of the estate went from £96.8m to £603m, reflecting the value of the land for renewable development and other projects.
>
>
>
>The estimated annual revenue in 2020-2021 was £8.7m. As revealed by Cymru Republic, the value in 2023 was £853m. Since 2016, the Crown Estate has been devolved in Scotland.
>
>
>
>**Sovereign Wealth Fund**
Siarter Cartrefi say that devolving the Crown Estate could allow Wales to address some of the longstanding challenges the country currently faces (such as child poverty) by creating a sovereign wealth fund for public benefit.
Cris Tomos, Siarter Cartrefi said: “We want to build on the support we have on this important issue.
“Wind farms generate both clean energy and substantial profit, but this money is leaving Wales. Communities across Wales, many in sight of these installations, are living in poverty, this is not fair or acceptable.”
I like Michael Sheen but he’s an actor, all the off shore windfarms are going bankrupt.
[https://www.4coffshore.com/news/danish-wind-farm-service-vessel-operator-files-for-bankruptcy-nid27074.html](https://www.4coffshore.com/news/danish-wind-farm-service-vessel-operator-files-for-bankruptcy-nid27074.html)
[https://www.offshore-mag.com/renewable-energy/article/14288309/french-offshore-wind-farm-developer-files-for-bankruptcy](https://www.offshore-mag.com/renewable-energy/article/14288309/french-offshore-wind-farm-developer-files-for-bankruptcy)
[https://www.reuters.com/business/energy/orsted-cease-development-some-us-offshore-wind-projects-2023-10-31/](https://www.reuters.com/business/energy/orsted-cease-development-some-us-offshore-wind-projects-2023-10-31/)
In the UK there supported by substitutes from the state and guaranteed tariffs, even then there’s a lack of bids for new wind farms
[https://eciu.net/media/press-releases/2023/offshore-wind-government-failure-in-next-renewables-auction-could-mean-britain-misses-chance-to-cut-foreign-lng-gas-dependency-by-half](https://eciu.net/media/press-releases/2023/offshore-wind-government-failure-in-next-renewables-auction-could-mean-britain-misses-chance-to-cut-foreign-lng-gas-dependency-by-half)
[https://www.gov.uk/government/news/over-1-billion-budget-for-renewable-energy-auction](https://www.gov.uk/government/news/over-1-billion-budget-for-renewable-energy-auction)
This is a actor who’s not educated on green energy, I do like him but.
TIL about the Crown Estate in Wales. Another reason to hate the monarchy. And I’m all for it.
Moreover, Kate could probably use the money for better Photoshop lessons.