To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of requiring the Crown Estate to publish the fees it receives from local authorities in (a) Wales (b) England and (c) Northern Ireland to access its land.
Answered on
10 October 2024
The Crown Estate receives payment on its assets from local authorities through regulating leases. The terms of those leases are determined based on several factors, including the nature and value of the asset, the specific terms and conditions of the lease, and the intended use of the land.
Each lease agreement is tailored to reflect these variables, ensuring that the terms are fair and appropriate for both The Crown Estate and the local authority involved.
Publishing details of those fees would risk prejudicing the commercial interests of both The Crown Estate and the local authorities involved.