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Friday, September 30, 2022

Crown Estate Scotland Publishes Plan to Invest £70m in Scotland

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Crown Estate Scotland has published its three-year plan setting out how it will manage sea, land and coastline for the benefit of Scotland’s communities and businesses.

Since being established in 2017, the organisation has fostered new ways of working with local and community partners, supported the growth of offshore renewables and helped develop new ways of farming land sustainably.

In the first two years alone, Crown Estate Scotland also returned over £20m to the Scottish Government for public spending.

The Plan launched today provides a blueprint for Crown Estate Scotland – operating under new legislation that focuses on sustainable development –to continue delivering wider value for Scotland. 

It includes investing £70m over three years, commercial-scale offshore wind leasing, a new communities fund and raft of support for new ways of producing food on land and at sea.

The 2020-23 Corporate Plan outlines five main objectives which are:

Support the expansion of Scotland’s blue economy, focussing on marine and coastal development.

Develop built environment that strengthens communities and benefits businesses

Invest in innovation and work with tenants to enable sustainable use of natural resources

Build partnerships for people and the planet

Develop and deploy our people’s expertise to deliver value and success

Crown Estate Scotland Chair Amanda Bryan (pictured), said:

“Over the coming years we want to invest in property, natural resources and people to generate lasting value.

“From growing shellfish to new ways of farming, regenerating coastal communities to building Scotland’s blue economy, our focus will be sustainable growth that benefits all.

“We are looking forward to working with communities and businesses to deliver positive change for Scotland.”

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