Scottish Crown Estate Act 2019: Ministerial Direction - transfer of sums for 2026 to 2031
This Direction confirms the Crown Estate Scotland transfer of money from their income account to their capital account up to the financial year ended 31 March 2031.
Direction given under Section 37(1) of the Scottish Crown Estate Act 2019
1. The Scottish Ministers, in exercise of their powers conferred by section 37(1) of the Scottish Crown Estate Act 2019 (“the Act”), give the following direction:
The Scottish Ministers direct as follows:
2. This Direction applies to Crown Estate Scotland.
Transfer of sums between income and capital accounts
3. Crown Estate Scotland (“CES”) may transfer a sum of money from its income account to its capital account for the financial year ending 31 March 2027, and each subsequent financial year, up to and including the financial year ending 31 March 2031, as provided for in section 29(2) of the Act. The sum that may be transferred in each of those financial years is to be calculated as up to 27% of the previous financial year’s gross revenue, after taking into consideration current year depreciation of plant and equipment. This will include interest income on CES capital and revenue accounts, but will exclude service charge income.
4. CES is not permitted to include revenue from ScotWind or INTOG leasing rounds or interest earned from that revenue as part of any transfer of funds from their income account to their capital account from the financial year ending 31 March 2027, up to and including the financial year ending 31 March 2031, unless otherwise directed in writing by the Scottish Ministers.
5. For the avoidance of doubt, this Direction applies only to the financial years specified above.
6. In accordance with section 37(3) of the Act, the Scottish Ministers may revise or revoke this Direction.
Treatment of certain sums
7. The gross annual income received, and any expenses incurred, by CES, from or in connection with mining leases or the working of mines or minerals shall be carried or charged as one half to the capital account and one half to the income account.
Terms and Conditions
8. The transfer by CES of any sum from its income account to its capital account in respect of the financial year ending 31 March 2027, and each subsequent financial year, up to and including the financial year ending 31 March 2031, in accordance with this Direction, is subject to the terms and conditions set out in the Schedule.
18 February 2026
