Member

As I also set out in Committee, the commissioners operate under a clear commercial objective, as set out in the 1961 Act: to maintain and enhance the value of the estate. While the Crown Estate has goals which, under its own strategy, align with wider national policy objectives, the 1961 Act provides the Crown Estate with independence and autonomy to set and achieve its goals. The Government believe that the Crown Estate should continue to operate in this way, as a commercial business independent from government, because it has shown itself to be a trusted and successful organisation, with a proven track record in effective management.