Member

For that reason, we have a raft of amendments attempting to do what the framework should be doing, which is to establish the boundaries within which the Crown Estate can borrow. It matters because, if it all goes wrong, Crown Estate projects would have to be curtailed or it would have to borrow from the national fund. It could all end up on the taxpayer, one way or the other, so we need to understand that an appropriate framework is in place, which sits behind the legislation that we are being asked to approve.