The Crown Estate as a whole dates back from the time of the Norman Conquest. In 1760, George III reached an agreement with the Government over the Estate. The Crown Lands would be managed on behalf of the Government and the surplus revenue would go to the Treasury. In return, the King would receive a fixed annual payment, which we call today the Civil List.

The Crown Estate is not the personal property of the Monarch. It cannot be sold by the Monarch, nor do any profits from it go to the Sovereign.

The Crown Estate is managed by an independent organisation, headed by a Board, and any profits from the Estate is paid every year to the Treasury for the benefit of all UK taxpayers. The Treasury is effectively the principle Government stakeholder and is kept informed of the estate’s overall business plans and strategies.

The Estates portfolio has a value of over £7.3 billion, from beef farms in the north of Scotland to Portland stone mining in Dorset. Windsor Great Park is the only Royal Park managed by the Crown Estate. All other parks are administered by the Royal Parks Agency.

For more information visit the Crown Estate's website.