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The Sovereign Grant Bill: Bad for Scotland and Bad for the UK

The crown estate represents a varied mix of property – with a book value currently estimated at £6.6 billion, a figure which almost certainly underestimates the true value. It includes large holdings of rural and urban land, as well as extensive marine assets. These marine assets include over half of the foreshore of the UK, all of the seabed out to the 12 nautical mile limit, and mineral rights, (excluding hydrocarbons), over the continental shelf.