The Crown Estate Fish Farming Research Committee was established in 2001 to ensure that the allocation of The Crown Estate's reinvestment budget was both fair and transparent. Support is given to those applications that have most relevance to The Crown Estate and its customers and which, in the view of the committee, will be of greatest long-term benefit and value to the sustainable development of the industry.
Committee representation includes industry, Government, regulators, NGOs and an independent vice chairman. The committee first met in January 2002.
The Crown Estate has allocated £600,000 to the research committee for the first three years of its operation, from 2002–03 to 2004–05. The Crown Estate's contribution each year resulted in significant matching funding being awarded by a range of funding partners.
The total value of applications made to the committee in each of the years it has met, and the awards made, are given in the table:
|Number of applications||26||33|
|Value of applications||£1,652,000||£1,384,000|
|Number of applications receiving support||11||7|
|Value of awards||(3)£248,000||(4)£193,600|
(3) Includes £70,500 commitment carried over from the previous year.
(4) Includes £77,500 commitment carried over from the previous year.
A spend of £23,700 has already been committed to the 2004–05 financial year. £134,700 remains to be allocated in 2004–05.