Overview

This bill seeks to amend the Crown Estate Act 1961, extending the maximum lease term the Zoological Society of London (ZSL) can hold for its land in Regent's Park from 60 years to 150 years.

Description

The primary purpose of the Zoological Society of London (Leases) Bill is to increase the length of the lease the ZSL holds on land in Regent's Park. Currently, the Crown Estate Act 1961 limits this lease to a maximum of 60 years. This bill proposes amending section 7(2) of the Act to extend this to 150 years. This change will provide ZSL with greater long-term security for its operations at London Zoo. The bill also specifies its extent of application across the UK (England, Wales, Scotland, and Northern Ireland) and its commencement date (two months after passing).

Government Spending

The bill itself does not directly involve government spending. The impact on government spending is indirect, potentially affecting the Crown Estate's revenue stream in the long term due to a longer lease agreement with ZSL. However, no figures are available in the provided text to quantify this potential impact.

Groups Affected

• Zoological Society of London (ZSL): The ZSL will benefit from increased long-term security and potentially easier access to funding based on a longer lease.
• The Crown Estate: This government body will experience a shift in its revenue streams due to the prolonged lease agreement. The exact impact will depend on the lease terms.
• Visitors to London Zoo: Indirectly affected through the long-term sustainability of the zoo.

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