Crown Estate Scotland delivers £4m over target to the public purse
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Crown Estate Scotland, the body which manages land, property and seabed across Scotland, including marine wind farm rights, delivered £12 million to the public purse in the last financial year.
Its annual report and accounts for 2019-20 also revealed this was £4 million over the £8 million target for the year.
All revenue profit generated by Crown Estate Scotland is returned to the Scottish Government and capital is reinvested in the Scottish Crown Estate, including improving property and infrastructure to benefit tenants’ businesses and homes.
The report also covered the development of Scotland’s first offshore wind leasing round for a decade, ScotWind Leasing, which has the potential to deliver £8 billion to the Scottish economy and aid Scotland’s net zero ambitions, and revealed that Crown Estate Scotland had invested over £3 million in improvements to rural infrastructure.
Chief executive Simon Hodge said: “We have once again returned an above target amount of revenue to the public purse, and have been able to invest in opportunities that will aid Scotland’s green economic recovery in the years to come.
“This is not only about the figures though, impressive though they are. 2019-20 also saw us develop a number of projects to help us to enable our people and organisations to make best use of the natural assets we are charged with managing.
“We have given new opportunities to tenant farmers, helped to develop understanding of how to grow the Scottish shellfish industry, supported work to tackle marine litter, and much more.”