25 Jul '11, 1am

Holyrood and Westminster clash over Crown Estate revenues

The Scottish environment minister has warned that a multi-million pound fund to help UK coastal communities benefit from Crown Estate marine revenues such as offshore wind farms is insufficient. Chancellor George Osborne announced the coastal communities fund last week, following widespread calls from the Scottish government for the full devolution of the Crown Estate. FURTHER READING Rio Tinto wins approval to expand Ben Nevis hydro-power project DECC launches 'new era in home heating' with first phase of RHI The funds available will be directly linked to the revenues raised by the Crown Estate's marine activities from that area, with separate funding for England, Wales, Northern Ireland, the Highlands and Islands and the rest of Scotland. Each area will get half of the revenues raised by the Crown Estate in that region. This means the Highlands and Islands will receive £...

Full article: http://www.businessgreen.com/bg/news/2096183/holyrood-wes...

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