Crown Estate profits halve as Treasury payments slashed

Crown Estate profits fall as returns to Treasury more than halve

Reduced income from companies developing offshore wind farms was the primary reason behind the slump.

26 Jun, 10:45

Crown Estate returns to Treasury fall by almost £500 million amid slump in profits

The business owns huge swathes of land across the country, as well as the seabed and much of the coastline around England, Wales and Northern Ireland

25 Jun, 21:00

Crown Estate profits halve as Treasury payments slashed

The Crown Estate witnessed a dramatic decline in its annual profits, with revenue account profit falling 58 per cent to £487million from a record £1.15billion the previous year. Treasury payments were slashed by more than half as a consequence, marking the lowest profit figure since 2023 for the King's property management company. The sharp fall stemmed primarily from two factors: diminished income from offshore wi…

26 Jun, 12:57