The Crown Estate comprises marine and land assets belonging to the monarch – including the seabed out to 12 nautical miles – which generate significant income from activities such as offshore renewable energy.
In Scotland, control of the Crown Estate has been devolved, enabling the Scottish Government to retain the full profits from leasing Crown Estate assets and reinvest them in national priorities.
In Wales, however, the Crown Estate is not devolved. Revenues generated from Welsh land and waters are returned to the Treasury in London, with a share allocated to the Royal Household.
There is no reason why people in Wales should not benefit from their nation’s natural wealth in the same way as people in Scotland.
Devolution of the Crown Estate is supported by every Welsh local authority. In government, Plaid Cymru will use its mandate to make securing the devolution of the Crown Estate a key priority, opening negotiations with the UK Government from day one.