News
Crown Estate profits soar – but Wales sees little return, says MP

THE LAND and sea assets in Pembrokeshire and Ceredigion are amongst the most lucrative of those owned by the Crown Estate.
In 2023, they helped accumulate a Welsh financial handover totalling £853m, resulting in a record net profit to the UK public finance coffers of £1.1billion. This represented a marked increase in Wales’ contribution, compared to its 2007 asset value of just £21.1m.
The escalation is being driven by the rising demand for renewable energy projects, and with the offshore investments that are currently taking place in seabed of south Pembrokeshire, Wales’ contribution to the Crown Estate looks set to soar even further
But how much of this contribution finds its way back to Wales? The answer, sadly, appears scant.
Instead of finding their way back to the Welsh public purse, profits generated from Wales’ green wealth are being distributed to the HM Treasury and the monarch’s Sovereign Grant, which funds a handful of senior members of the Royal family. In 2023-24, the sovereign grant amounted to £86.3m.
Now, in a bid to ensure greater transparency and a fairer financial management, pressure is being put on the Government to allow the Crown Estate to be devolved to Wales, putting it on equal footing with Scotland and Northern Ireland.

“The value of the Crown Estate in Pembrokeshire and Ceredigion is hugely significant,” commented Ben Lake, MP for Ceredigion and Preseli.
“The Crown Estate owns 65% of Wales’s foreshore and riverbeds, and more than 50,000 acres of land. And a considerable amount of this lies in the foreshores around south Pembrokeshire and the more rural areas of Ceredigion.
“Welsh County Councils, including Pembrokeshire and Ceredigion, are having to make payments to the Crown in leasing fees and in 2023, this sum was nearly £300.000 Yet this is happening at a time when local services in Wales are under severe pressure. It doesn’t strike me as fair that we have these significant natural assets which are generating significant amounts of profit, yet they’re not returning back to Wales.
“The UK government says it’s spending money here, but when it comes to the provision of health, education and social services, Wales only gets a Barnett formula of roughly just under 5%.”
In 2024, Scotland, which devolved from the Crown Estate in 2017, saw more than £100m enter its coffers as a result of its offshore energy.
“And the potential for Wales is just as significant,” said Ben Lake. “Engineers and experts are all pointing to the fact that the regeneration of renewable energy in Wales is going to be big and over the next ten years, the waters around Wales are going to see some of the biggest developments in offshore wind. But unless the Crown Estate is devolved, Wales is going to be severely shortchanged.”
The Crown Estate owns more than £603m of land in Wales which includes:
65% of Wales’ coast and riverbeds;
- The seabed which extends up to 12 miles out to sea;
- 50,000 acres of land;
- 250,000 acres of mineral deposits and
- All gold and silver deposits.
Last week Westminster blocked the transfer of Crown Estate management to the Welsh Government by voting down an amendment tabled by Plaid Cymru to the Crown Estate Bill.
The Liberal Democrats also tabled an amendment calling for Crown Estate assets to be handed to Wales. But both amendments were blocked by Labour MPs.
The stance contradicted recent comments from Wales’ First Minister, Baroness Eluned Morgan, who said she was “fighting very hard” for more control.
The Bill is expected to return to the House of Commons later this month for further debate and a bid to enforce a vote on the issue,
“Even if we’re able to get a small percentage of what Scotland is generating, Wales will be able to start investing in its public services given the acute pressures that are currently being placed on the NHS and the county councils,” concluded Ben Lake. “This will go a long way to alleviate the pressures they’re under.
“And further down the line, it’s possible that Wales could then start considering its own Wealth Fund, similar to what has happened in Norway as a result of its oil and gas licensing. Through its profits and interest, the Norwegian Wealth Fund has become one of the largest in the world. In 2024 it generated $220 billion to subsidise a significant amount into public services
“And Wales is no different.
“It’s now time for the money that’s being generated from Wales’ natural assets to come back for the benefit of the people who live here.”
Community
Final closures begin as long-awaited A40 bypass nears completion

ROAD DUE TO OPEN WEEK COMMENCING APRIL 28
THE MAJOR A40 improvement scheme in Pembrokeshire is entering its final stages, with the Welsh Government confirming the new road will open in the week beginning April 28.
Construction of the long-anticipated bypass around Llanddewi Velfrey began in summer 2021. Once completed, the new dual carriageway will remove all temporary traffic management, including bollards and reduced speed limits. The entire stretch will carry a 60mph speed limit.
Wales transport secretary Ken Skates, responding to a written question from Carmarthen West and South Pembrokeshire MS Samuel Kurtz, confirmed the road is on schedule.
He said: “Section 1 of the A40 Llanddewi Velfrey to Redstone Cross Improvements Scheme is programmed for completion week commencing 28th April 2025. Section 2, the detrunking works through Llanddewi Velfrey village, will commence thereafter.”
The scheme is being delivered on behalf of the Welsh Government by Alun Griffiths Contractors Ltd. Although the final cost has yet to be announced, the project was originally estimated at £60 million, including £45 million from EU funding.
In preparation for the opening, the final three weekend road closures are now underway. The first closure began last weekend (March 21-24), with the remaining two scheduled for this weekend (March 28-31) and the following weekend (April 4-7).
The closures affect the section between Penblewin roundabout and Robeston Wathen roundabout, allowing the new A40 to be connected to the existing route at a location known as Jacobs Park.
All closures begin at 7:00pm on Friday and end by 6:00am on Monday morning.
Scheme spokesperson Matthew Davies said: “Due to the significant level differences between the new A40 and the existing road, the principal contractor requires three weekend closures.
“To ensure minimal disruption to local communities, commuters, and the economy, the work has been timed to finish before the Easter holiday.”
Emergency services have been fully briefed and will use carefully planned diversion routes to minimise the impact on North Pembrokeshire. Access to homes and businesses along the affected stretch of road will be maintained throughout the closures.
Mr Davies added: “Preparation work is already underway to reduce the closure duration, and all parties, including the local health board, are prepared for the temporary measures.”
Crime
Majority of stolen sheep recovered after public appeal

DYFED-POWYS POLICE says it has recovered 63 of the 75 sheep reported stolen from a farm in Rhydlewis, near Newcastle Emlyn, following a public appeal for information earlier this week.
The ewes were located at three separate sites within the Dyfed-Powys Police area over the past four days.
Inspector Matthew Howells said: “I would like to thank everyone who shared our appeal, and the appeal from the owner, which was shared over 700 times and reached communities all over Wales and further afield. The support from farming communities near and afar has been vitally important in securing a positive outcome. I’d also like to thank those who came forward with information which enabled my officers to respond quickly, ensuring the safe return of these animals to their rightful owner.”
A 40-year-old man who was previously arrested on suspicion of theft has been released on bail while police enquiries continue.
Health
Cardigan mayor joins calls to save weekend urgent care

PLANS to end weekend urgent care provision at Cardigan’s Integrated Care Centre have sparked a backlash, with local leaders and residents warning of serious consequences for patients across the region.
Mayor of Cardigan, Cllr Olwen Davies, has joined those calling for the weekend service to be saved, describing its withdrawal as “deeply disappointing.”

“It’s a huge blow,” she said. “This service has proved vital not just for the town but for the wider area. With the Easter holidays upon us, it’s unthinkable that we’re losing such a key facility.”
The Welsh Government-funded weekend service was launched in January as part of a 50-day pilot aimed at relieving pressure on Bronglais and Glangwili Hospitals, both of which are struggling with some of the worst emergency department waiting times in the country.
But the funding ends this Sunday (March 30), and no extension has been confirmed—despite a surge of public support for keeping the centre open on Saturdays and Sundays. An online petition had attracted almost 1,500 signatures by Wednesday lunchtime.
Hywel Dda University Health Board confirmed the end of the pilot in a statement this week.
“From April, the urgent care centre will continue operating Monday to Friday from 8:00am to 6:00pm,” a spokesperson said. “Patients can walk in or call 01239 803075 to speak to a triage nurse before attending.”
The board said the weekend service had been well used, with 845 patients seen across the first seven weekends. Roughly three-quarters of those patients would otherwise have attended A&E.
In addition, the pilot supported a ‘Digital Ward’ approach, allowing 63 patients to be treated remotely over the past two months—something the board described as an example of “innovative care close to home.”
A formal evaluation of the weekend provision will take place following the conclusion of the full trial period.
Ceredigion MS Elin Jones also called for an urgent rethink.
“I strongly support the continuation of weekend services in Cardigan,” she said. “They’ve clearly helped reduce unnecessary A&E visits, and we need to build on that—not go backwards.”
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