Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions she has had with the Welsh Government on devolving management of the Crown Estate to Wales.

The UK Government has had no discussions with the Welsh Government on devolving the Crown Estate.

The Crown Estate has played a significant role in attracting international investment into Wales to support the UK’s net zero target and will continue to do so through future leasing rounds for offshore wind developments, including floating wind projects in the Celtic Sea. They work closely with the Welsh Government and Natural Resources Wales in support of shared priorities, ensuring that these resources are sustainably managed for the long term.

Introducing a new entity would fragment the market, complicate existing processes, and likely delay further development offshore, undermining investment in Welsh waters.