The net revenue surplus from The Crown Estate (TCE) is in the public domain and can be obtained from the TCE annual accounts.<\/p>
Information for the last five years is set out below :<\/p>
<\/p>
The King surrenders this revenue from The Crown Estate to the government. In exchange, the King receives public funding in line with the Sovereign Grant Act 2011. The Act specifies that the Sovereign receives a grant each financial year.<\/p>
<\/p>
Under the Act, the Grant is currently based on 25% of The Crown Estate's revenue account profit in the year two years prior to the funding year. The Act also requires that the Royal Trustees (the Prime Minister, the Chancellor of the Exchequer, and Keeper of the Privy Purse) periodically review whether the percentage used remains appropriate.<\/p>
<\/p>
The Royal Trustees\u2019 second periodic review of the percentage value used to determine the Sovereign Grant is expected to conclude shortly. This will take account of expected changes to The Crown Estate\u2019s revenues. Any change in the percentage value will then be used in the calculation of the Grant for 2024-25.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4726", "label" : {"_value" : "Biography information for Baroness Penn"} } , "answeringMemberPrinted" : {"_value" : "Baroness Penn"} , "dateOfAnswer" : {"_value" : "2023-07-06", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-07-06T15:21:42.3Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-06-29", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Crown Lands and Estates"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what is the income from the Crown Estates for the past five years; what proportion of this is allocated to the Royal Family and for what purpose; and what plans they have, if any, to review this allocation.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/3526", "label" : {"_value" : "Biography information for Lord Berkeley"} } , "tablingMemberPrinted" : [{"_value" : "Lord Berkeley"} ], "uin" : "HL8904"} , {"_about" : "http://data.parliament.uk/resources/1171171", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1171171/answer", "answerText" : {"_value" : "
The Crown Estate publishes its Integrated Annual Report and Accounts each year. The latest Report for the year 2018-19 is available on The Crown Estate\u2019s website.[1].<\/p>
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As set out in the 2018-19 Report, the net revenue profit The Crown Estate has generated in each of the past five years, are as follows:<\/p>
<\/p>
2018-19 = £343.5 million;<\/p>
2017-18 = £329.4 million;<\/p>
2016-17 = £328.8 million;<\/p>
2015-16 = £304.1 million; and<\/p>
2014-15 = £285.1 million.<\/p>
<\/p>
The Crown Estate generates valuable revenue for the Exchequer, and over the past ten years, the business has returned a total of £2.8 billion into the Consolidated Fund, contributing to vital public services such as the NHS and policing.<\/p>
<\/p>
Year<\/p><\/td> | Total Number of Properties Notified to The Crown Estate<\/p><\/td> | Total Number of Properties Sold<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2007/8<\/p><\/td> | 220<\/p><\/td> | 50<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2008/9<\/p><\/td> | 412<\/p><\/td> | 37<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2009/10<\/p><\/td> | 410<\/p><\/td> | 37<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2010/11<\/p><\/td> | 465<\/p><\/td> | 38<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2011/12<\/p><\/td> | 577<\/p><\/td> | 38<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2012/13<\/p><\/td> | 776<\/p><\/td> | 40<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2013/14<\/p><\/td> | 1,060<\/p><\/td> | 33<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2014/15<\/p><\/td> | 824<\/p><\/td> | 34<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2015/16<\/p><\/td> | 708<\/p><\/td> | 21<\/p><\/td><\/tr> | |||||||||||||||||||||||||||||||||
2016/17<\/p><\/td> | 779<\/p><\/td> | 37<\/p><\/td><\/tr><\/tbody><\/table> <\/p> A wide range of properties can become subject to escheat, from a strip of land following road works to the assets of a lapsed property management company. More substantive properties represent a small proportion of all escheat properties. Properties usually become subject to escheat as they have been renounced, and they therefore tend to be low value or subject to liabilities.<\/p> <\/p> The value of all properties which may be subject to escheat and which have been notified to The Crown Estate is not known, as no such valuation is undertaken.<\/p> <\/p> The average length of time for properties to remain subject to escheat is not readily available. Only a small proportion of properties subject to escheat is sold, and it is possible for properties to remain subject to escheat indefinitely.<\/p> <\/p> It is not possible to estimate the amount of land covered by escheat properties because (a) the exact number of properties which have become subject to escheat is not known and (b) The Crown Estate does not, in its constitutional role, make enquiries in relation to properties which are subject to escheat.<\/p> <\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3996", "label" : {"_value" : "Biography information for Andrew Jones"} } , "answeringMemberConstituency" : {"_value" : "Harrogate and Knaresborough"} , "answeringMemberPrinted" : {"_value" : "Andrew Jones"} , "dateOfAnswer" : {"_value" : "2017-11-15", "_datatype" : "dateTime"} , "groupedQuestionUIN" : [{"_value" : "112369"} , {"_value" : "112370"} , {"_value" : "112371"} , {"_value" : "112373"} ], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2017-11-15T16:16:23.347Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "CaTreasury"} , "date" : {"_value" : "2017-11-10", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Crown Lands and Estates"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask Mr Chancellor of the Exchequer, what the (a) total and (b) average value of properties escheated to the Crown Estate has been in each of the last five years.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/1548", "label" : {"_value" : "Biography information for Jessica Morden"} } , "tablingMemberConstituency" : {"_value" : "Newport East"} , "tablingMemberPrinted" : [{"_value" : "Jessica Morden"} ], "uin" : "112372"} , {"_about" : "http://data.parliament.uk/resources/787023", "AnsweringBody" : [{"_value" : "HM Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/787023/answer", "answerText" : {"_value" : " It is not possible to identify the number of properties that have become subject to escheat over the last five years, as The Crown Estate is reliant upon third parties notifying it of the events which may lead to escheat. However, I can provide the below information on the number of properties notified to The Crown Estate as escheat and the number of properties sold in the given years. The figures for total number of properties sold between 2000 and 2006 are not immediately available.<\/p> <\/p>
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