Member

The Crown Estate’s mandate is to operate as a commercial business, to maintain and enhance an estate in land and to grow the returns obtained from it, which are then returned to the Government. To do this, it must retain the ability to compete in the market unrestricted by the principle of additionality. The restrictions that would be imposed by this amendment are at odds with the policy intent of the Bill—specifically, to ensure that the Crown Estate can compete effectively in a modern commercial environment and to provide maximum returns to the Government.