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Plaid Cymru renews calls for devolution of Crown Estate as it reports record profits (nation.cymru)

submitted 3 months ago by Navarian@lemm.ee to c/wales@lemm.ee

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Plaid Cymru has renewed calls for the devolution of the Crown Estate to Wales following the announcement of record £1.1bn profits earlier today (24 July).

The Crown Estate said earnings surged by more than £658 million during the year ending March 31, from £443 million the previous year.

The spike in profits was mainly down to option fees, payments made by companies to reserve a patch of the seabed to eventually build their wind turbines on.

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