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Did you mean ("brown state") major:3 speaker:Danny Alexander?
Danny Alexander: The size of the Coastal Communities Fund is equal to 50% of the revenues generated by the Crown Estate's marine assets. From its marine activities in 2012-13, the Crown Estate generated £1.2 million of revenue in Northern Ireland. This formed the basis for calculating the 2014-15 Northern Ireland Coastal Communities Fund budget of £0.6 million.
Danny Alexander: ...by employers and employees but these are not used to build up a fund in order to provide the means to meet the liability when it falls due, but rather used to pay current pensions. The assets of The Crown Estate pension scheme are held separately from those of The Crown Estate, in a fund administered independently by a trustee body, which has investments in gilts and equities. In addition...