Stewardship is one of The Crown Estate’s three core values, representing our commitment to good environmental practice, sustainability, and taking the long-term view in our activities.
With around half of the UK’s foreshore, half of all estuary beds and tidal rivers, and almost the entire seabed out to the 12 nautical mile territorial limit in the marine estate, it is the largest and most diverse portfolio within The Crown Estate.
Our responsibility is to maintain and enhance the value of the estate and its income over the long term, whilst having regard to good estate management. In contrast to our urban and rural portfolios, there are fewer opportunities for direct investment back into the estate, where our ownership is essentially tidal land and seabed rather than buildings and public realm. So the marine stewardship programme is an invaluable part of the way we can manage this unusual estate.
The programme supports community initiatives that further good management of the marine estate, and scientific research projects that underpin our knowledge of the activities we manage.
Coastal Communities Fund
In July 2011 the Treasury recently announced a Coastal Communities Fund, which will be a Government mechanism for determining and providing support to coastal communities.
The fund will be administered by The Big Lottery’s Big Fund. The value of the fund, administered annually, will be linked to The Crown Estate’s annual marine estate surplus. We have no involvement otherwise.
For more information please visit the Treasury website:
HM Treasury Coastal Communities Fund press release
Further information
|