Crown Lands and Estates: Minerals

Treasury written question – answered on 6th September 2013.

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Photo of Nick Gibb Nick Gibb Chair, Draft Voting Eligibility (Prisoners) Bill Committee, Chair, Draft Voting Eligibility (Prisoners) Bill Committee

To ask the Chancellor of the Exchequer

(1) what estimate he has made of royalty income from Crown-owned mineral rights attached to land in the UK in (a) 2012-13 and (b) 2013-14;

(2) how much the Exchequer received in royalty income from Crown-owned mineral rights on land in (a) 2009-10, (b) 2010-11 and (c) 2011-12.

Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury

Under the Crown Estate Act 1961, 50% of the Crown Estate's net income received from land based minerals goes to the Exchequer with the remaining 50% going into the Crown Estate's capital accounts for reinvestment in the portfolio.

Between 2009 and 2013 the amount returned to the Exchequer from the Crown Estate's onshore mineral interests was:

  £ million
2009-10 1.2
2010-11 1.1
2011-12 0.9
2012-13 1.1

Figures for 2013-14 will be available at financial year end in 2014.

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