Overview

This bill aims to transfer the management of the Crown Estate's assets in Wales from the UK Treasury to the Welsh Government. This includes land and associated rights, excluding certain specified exceptions, and ensures the continued management of these assets on behalf of the Crown.

Description

The bill amends the Wales Act 2017 to allow the Treasury to create a scheme transferring the management of Crown Estate assets in Wales to the Welsh Government (or a nominated body). This transfer encompasses land, rights, and interests in Wales (excluding specific exemptions like assets held by certain limited partnerships). The bill also makes necessary modifications to the Crown Estate Act 1961 to reflect the change in management, substituting references to the Treasury with the Welsh Ministers, the Comptroller and Auditor General with the Auditor General for Wales, and Parliament with Senedd Cymru. The scheme's creation requires the agreement of the Welsh Ministers and approval from both Houses of Parliament and Senedd Cymru. The bill also ensures the continued management of transferred assets on behalf of the Crown and addresses employment rights of those affected. Key exceptions are made for matters relating to national security, defence, telecommunications infrastructure, oil and gas exploitation, and the consistent management of electricity transmission and distribution across the UK.

Government Spending

The bill's direct impact on government spending is not explicitly stated. However, the transfer of management responsibilities for Crown Estate assets in Wales could result in a shift in revenue streams and administrative costs between the UK and Welsh governments. The exact financial implications will depend on the details of the transfer scheme.

Groups Affected

• Welsh Government: Gains control over the management of Crown Estate assets in Wales, potentially impacting revenue generation and land management policies.
• UK Treasury: Loses management responsibilities over Crown Estate assets in Wales, resulting in altered revenue and administrative functions.
• Crown Estate Commissioners: Their role concerning Welsh assets changes with management transferred to the Welsh Government or a nominated body.
• Employees of the Crown Estate: The bill seeks to protect their employment rights during the transition.
• Businesses and individuals using Crown Estate land in Wales: May experience changes in lease agreements and other land management practices.

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