Sovereign Grant

HM Treasury written question – answered on 12th December 2017.

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Photo of Andrew Bowie Andrew Bowie Conservative, West Aberdeenshire and Kincardine

To ask Mr Chancellor of the Exchequer, whether any changes will be made to the Sovereign Grant due to the devolution of the Crown Estate in Scotland.

Photo of Andrew Jones Andrew Jones The Exchequer Secretary

The UK government transferred management of Scottish Crown Estate assets to the Scottish Government in April 2017 – there will be no changes made to the Sovereign Grant as a result of this. The revenues from the Scottish assets are retained by the Scottish Government. The UK government has made a corresponding deduction to the Scottish Government’s block grant funding, equivalent to the revenues forgone from Scottish assets following the transfer. The Sovereign Grant is calculated with reference to The Crown Estate’s profits but it is paid from the Consolidated Fund, which all UK taxpayers contribute to.

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