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Did you mean ("brown state") major:3 speaker:Chloe Smith?
Chloe Smith: The Crown Estate plans to begin publishing minutes of its remuneration committee meetings on its website shortly. The first set of minutes to be published will relate to spring 2010. Minutes will be published retrospectively as they may touch on policy development and personal information. As set out in the answer I gave the hon. Member on 21 May 2012, Official Report, column 422W, detailed...
Chloe Smith: The Crown Estate does not hold this information, as it does not record lease agreements by activity.
Chloe Smith: The Crown Estate Act 1961 allows the Crown Estate to hold only land, real property and cash. The Crown Estate holds no manufacturing or engineering assets and receives no direct income from businesses of these kinds. The Crown Estate receives rents from some tenants which operate in these fields, eg wind farms.
Chloe Smith: The following table shows the London property held by the Crown Estate, as at 31 December 2011. The Crown Estate does not distinguish between land and property within its urban estate, nor between developed and undeveloped land. Schedule of the Crown Estate’s properties rights and interests, December, 2011 Classification and area ( m (2) ) (1) County/unitary authority...
Chloe Smith: The Crown Estate is principally a commercial organisation. Under the Crown Estate Act 1961 it is tasked with maintaining and enhancing the value of the estate and the return obtained from it 'but with due regard to the requirements of good management'. The annual surplus income is paid to the Exchequer. The Crown Estate can only promote volunteering and community and social action programmes...
Chloe Smith: The Government have no plans to hypothecate Crown Estate marine asset profits to devolved Administrations.
Chloe Smith: These activities are not permitted under the Crown Estate Act 1961.
Chloe Smith: The Crown Estate's agreed profit target for 2011-12 is £230 million. The profit target for 2012-13 is under discussion. The Crown Estate has set itself a medium term objective of making a profit of £250 million by 2014.
Chloe Smith: The gross income from the Crown Estate's marine estate in Northern Ireland in each of the last five years was as follows: £ million 2006-07 0.6 2007-08 0.7 2008-09 0.8 2009-10 0.8 2010-11 0.9 Total net income surplus from the Crown Estate is passed directly to the Exchequer for the benefit of all UK citizens. In 2010-11 this amounted to £231 million.