Crown Estate Bill [Lords] – in a Public Bill Committee at 3:00 pm on 6 February 2025.
“(1) Before making any investment decision, the Commissioners must assess—
(a) plans for community benefits for local communities, and
(b) plans for community benefits for coastal communities of offshore activities.
(2) In section 3(1) of the Crown Estate Act 1961, at end insert—
‘(1A) The Commissioners must transfer at least 5 per cent of all net profit generated from the Crown Estate’s activities to local communities impacted by those activities.’”—
This new clause would require the Commissioners to ensure their activities benefit local communities, including coastal communities, and that 5% of any profits would be transferred to local communities.
My decision is that new clause 12 is sufficiently similar to new clause 5 as not to justify a separate vote, so we will move on to the remaining procedures.
May I take this moment to thank all hon. Members on both sides of the Committee for their attendance and their contributions? I also thank you, Mr Mundell, for chairing the Committee. I thank the Treasury officials, the House of Commons officials and everyone else for making the Committee run so smoothly.
I am grateful, Mr Mundell, for your chairing this afternoon, and I am grateful to Ms Furniss for chairing the first session this morning. I am grateful for the support, help and advice of the Clerks and for the contributions and responses provided by the Crown Estate during the passage of the Bill. I look forward to reconvening with Members for its remaining stages, which I understand will be on
As ever, it is a disappointment to me that I can take no further part in these proceedings.