Framework Document between The Scottish Government and Crown Estate Scotland
This Framework Document has been drawn up by the Scottish Government's Marine Directorate in consultation with Crown Estate Scotland. Part One sets out the broad framework within which Crown Estate Scotland operates and Part Two sets out certain aspects of the financial framework in greater detail.
10. Crown Estate Scotland's income
10.1 Borrowing
All borrowing by Crown Estate Scotland - excluding agreed overdrafts - shall be from the Scottish Ministers in accordance with guidance in the Borrowing, Lending & Investment section of the SPFM.
Loans from the Scottish Government advanced to the capital account shall be repaid from the capital account along with any interest payable. Loans advanced from the Scottish Government for operating purposes (to the “income account”) shall be repaid from the income account along with any interest payable.
10.2 Maximising Income from Other Sources
Crown Estate Scotland shall seek to maximise the value of Scottish Crown Estate assets and income arising from them, provided that this is consistent with Crown Estate Scotland’s duty to maintain and enhance value as per section 7 of the 2019 Act, Crown Estate Scotland's main functions and its Corporate Plan. Novel or contentious proposals for new categories of income or material changes to existing categories of income must be cleared with the Sponsor Team and Scottish Government finance.
10.3 Gifts, Bequests and Donations
Crown Estate Scotland is free to retain any gifts, bequests or similar donations. Before proceeding in this way Crown Estate Scotland must consider if there are any associated costs in doing so or any conflicts of interests arising. Crown Estate Scotland must keep a written record of any such gifts, bequests and donations and of their estimated value and whether they are disposed of or retained.
Contact
Email: CESU@gov.scot