Crown Estate: Devolution
Published date : 09 February, 2022
9. If he will make an assessment of the potential merits of devolving control of the Crown Estate in Wales to the Welsh Government.
Well, it has not put off investment in Scotland, certainly.
The Crown Estate portfolio in Wales, with its marine assets, has risen in value from £49 million in 2020 to its current value of £603 million. The evidence from Scotland is that it is hugely beneficial for the devolved Government to be handling that and maximising the supply chain opportunities. Why is the Minister not open to the idea of devolving it, or is the message to the people of Wales that when it comes to governance in Wales, Westminster still knows best?
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