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Did you mean ("brown state") major:3 speaker:Justine Greening?
Justine Greening: holding answer 19 July 2011 The framework document, which describes how HM Treasury and The Crown Estate work together, is published on The Crown Estate website: http://www.thecrownestate.co.uk/about_us.htm
Justine Greening: I have been asked to reply. No estimate is available for the current value of the energy generated in offshore wind farms on Crown Estate property. Estimates of future revenue are very uncertain because of a number of factors which cannot readily be forecast. Using DECC assumptions of July 2009, the Crown Estate's illustrative projections are that by 2020 its rental income from all renewable...
Justine Greening: I have been asked to reply. The Crown Estate grants agricultural tenancies on land which includes inland waterways. The lessees are responsible for maintenance. The Crown Estate is not aware of any waterways and weirs that it owns which do not comply with the Waterways Framework Directive.
Justine Greening: The Crown Estate is obliged by law to pay its net annual surplus to the Exchequer. In 2009-10 the surplus paid over was £210 million of which rents from offshore wind activity contributed £2.6 million. The Crown Estate's medium-term objective is to generate a return of some £250 million by 2014. Since the Crown Estate operates commercially, it does not publish annual forecasts of its net...
Justine Greening: The Chancellor's statement of 20 October set out that the future payments to the Royal Household will be voted in the Treasury estimate, not made direct by the Crown Estate. Primary legislation to give effect to this decision will be brought forward and debated in due course.
Justine Greening: The sum of £500 was paid to the Crown Estate in 2006 in acknowledgement of the proprietorial rights and interests in the area concerned.
Justine Greening: To ask the Secretary of State for Communities and Local Government what Crown Estate properties his Department owns; and what the (a) most recent assessed market and (b) book value is of each such property.