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25/01/2018

New Bill Outlines Long-Term Future Of Crown Estate Scotland

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A new Bill has been submitted to the Scottish Parliament outlining the long-term future of land and property management organisation, Crown Estate Scotland.

The legislation sets out the proposed long-term management arrangements for Crown Estate assets including seabed, just under half of the coastline and four rural estates.

In addition, the Bill outlines the corporation's role as manager while enabling councils and communities to directly manage specific assets on a case-by-case basis.

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The entire range of land, property and other assets managed by Crown Estate Scotland valued at £275.7 million. It generates an annual gross revenue of approximately £15m.

Chair Amanda Bryan said the legislation is an "important step forward in setting out the long-term future of the organisation".

"Coming to the end of our first year of operation we have increased engagement with communities, local authorities and other partners and ensured continuity for our tenants," she said.

"We have also successfully raised funds to continue investing in farms and activity designed to grow Scotland's low-carbon economy, such as strategic research into offshore renewables.

"We will work to ensure our staff and tenants are kept fully informed as the Bill progresses through Parliament."

To view the Bill, visit here.

(LM)

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