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

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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.”

 

Entertainment

Tenby steams up in spectacular style as crowds flock to festival

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Colourful parade, towering creations and Victorian flair bring town centre to life

TENBY was transformed into a vibrant Victorian fantasy on Saturday (Mar 21) as hundreds of visitors descended on the town for the annual Steampunk Festival.

The highlight of the day came with the much-anticipated Peacock Parade, which saw elaborately dressed participants wind their way through Tenby’s narrow streets, drawing large crowds of spectators.

Residents and visitors lined the route, many stopping to take photos as performers in eye-catching costumes passed by. From brass goggles and top hats to military-inspired uniforms and elegant gowns, the outfits on display reflected the creativity and theatrical spirit of the steampunk scene.

Among the most striking sights were the towering pink flamingo creations, which rose high above the crowds and became an instant talking point. Musicians in period costume added to the atmosphere, playing lively tunes as they marched through the town.

Families were out in force, with children and adults alike enjoying the spectacle. Many visitors had travelled from across Wales and beyond to attend the event, which has grown in popularity in recent years and is now firmly established as a key date in Tenby’s events calendar.

The Herald understands that local businesses also benefited from the influx of visitors, with cafés, pubs and shops seeing a steady flow of customers throughout the day.

In addition to the parade, a range of activities were taking place across the town, including markets, performances and themed entertainment centred around the De Valence Pavilion.

Organisers have worked to create an inclusive and welcoming event, with many people choosing to dress up while others simply come along to enjoy the unique atmosphere.

The festival continues on Sunday, with further events planned as Tenby remains firmly in the grip of steampunk fever for the weekend.

Photos: Colourful characters take part in the Peacock Parade through Tenby on Saturday (Pic: Gareth Davies).

 

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News

Accidental deaths in Wales rise by 43% as calls grow for urgent action

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More than 1,200 lives lost each year as charity warns of growing public health crisis

ACCIDENTAL deaths in Wales have risen by 43% over the past decade, with more than 1,200 people now dying each year, prompting calls for urgent action from the next Welsh Government.

New figures released by the Royal Society for the Prevention of Accidents (RoSPA) show that Wales now has a death rate 22% higher than the UK average, with preventable harm placing increasing pressure on the NHS and disproportionately affecting poorer communities.

Falls remain the leading cause of accidental death, accounting for nearly half of all fatalities. People in Wales are around 24% more likely to die from a fall than those elsewhere in the UK.

RoSPA has warned that the situation represents a growing public health crisis, as it launches its Stronger, Safer Wales manifesto ahead of the next Senedd election.

The charity is urging ministers to treat accident prevention as a national priority, arguing that many deaths could be avoided through relatively simple and low-cost interventions.

Accidental harm is also linked to a range of other risks, including rural road collisions, accidental poisonings, machinery incidents, and dog-related injuries.

The wider impact is significant, with preventable accidents costing the NHS billions, reducing workforce participation, and deepening inequality across Wales.

RoSPA is calling for a range of measures, including improved home safety standards, compulsory water safety education in schools, and stronger road safety interventions.

Among its proposals are mandatory eyesight tests for drivers every three years, better road markings to protect motorcyclists, and tighter regulation of unsafe or counterfeit products sold online.

The charity also wants to see national home safety programmes introduced to support vulnerable households, along with clearer responsibilities for local authorities in managing water safety risks.

Becky Hickman, Chief Executive of RoSPA, said the figures should act as a wake-up call for policymakers.

She said: “Wales is facing a clear and escalating crisis of accidental deaths, and the evidence shows the situation is worsening year on year.

“Behind every statistic is a life that could have been saved with practical, proven interventions.

“We are calling on the next Welsh Government to make accident prevention a national priority, because coordinated action will save lives, reduce inequalities and relieve pressure on the NHS.”

She added: “Accidents are not inevitable. With strong leadership and consistent standards across Wales, we can significantly reduce preventable harm.”

RoSPA says tackling the issue will require coordinated action across government, emergency services, local authorities and industry, but insists that the solutions are both achievable and cost-effective.

The charity’s manifesto is intended to shape future policy in Wales, with a focus on reducing avoidable deaths while easing pressure on overstretched public services.

 

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Crime

New pilot offers dedicated advocates for trafficking survivors

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National scheme aims to support hundreds of victims of modern slavery across the UK

MORE than 600 adult survivors of modern slavery are set to receive dedicated support through a new national pilot scheme providing accredited, independent advocates.

The initiative will see specially trained professionals working directly alongside survivors of human trafficking and exploitation, helping them navigate complex legal, social, and recovery processes.

While survivors of crimes such as domestic and sexual abuse already have access to specialist advocacy, no equivalent provision previously existed for victims of modern slavery—despite the often severe and long-term trauma they experience.

Over the next three years, 24 Independent Modern Slavery Advocates (IMSAs) will be deployed across the UK. Each advocate will complete a postgraduate qualification and receive support from a central hub hosted by anti-trafficking charity Hope for Justice.

Tim Nelson, CEO at Hope for Justice, said the pilot aims to tackle inequalities in support: “We want to end the postcode lottery that adult survivors of modern slavery and human trafficking are experiencing in the UK.

“There are many organisations already doing incredible work, but by working together and setting new standards, we can give survivors the best possible chance of rebuilding their lives.”

The scheme is backed by a £1 million National Lottery grant and involves several organisations, including Unseen UK, Medaille Trust, Bawso, SOHTIS, Hope for Justice, and the Snowdrop Project.

Since the pilot began six months ago, advocates have already supported 121 survivors, helping to secure housing, legal recognition, and access to vital services.

Key outcomes so far include:

Ten survivors provided with safe and secure housing
Seventeen Home Office decisions successfully challenged, granting victims access to support
Humanitarian protection secured for a young adult survivor

Advocates have also helped individuals access healthcare, mental health support, education, employment, and secure immigration status.

One survivor described the support as “life changing” after escaping a trafficker. In a letter to her advocate, she said: “You have fought our corner tirelessly when I did not have the strength. You stood beside us every step of the way.

“You helped me rebuild trust, believe in myself, and slowly find my voice again.”

The IMSA role aligns with international guidance on independent advocacy and has been shaped by experts and those with lived experience.

Louise Mensah, Head of Frontline at Unseen, said: “This pilot is a step towards a world without slavery. We are proud to be part of something that will improve outcomes and change futures.”

Ben Ryan, Deputy CEO at Medaille Trust, added: “We know the value of long-term support in recovery. This partnership allows us to embed best practice and develop new approaches.”

Organisations wishing to join the final phase of the pilot have until May 2026 to apply.

Further information is available at www.hopeforjustice.org/imsa/

 

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