"“We're not the traditional landowner we want to be more than that. There is so much good we can do. I'm trying to make sure I'm prioritising stuff that's going to make people's lives, living in those areas, better,” said Prince William."
"“More houses, more tenants, more income,” Mr Baker said. In the duchy's new strategy, there will be a greater emphasis on five areas where it is a landowner - Bath, Cornwall, Dartmoor, Isles of Scilly and Kennington in south London."
"Chief executive Will Bax told The Times that the duchy “shouldn't just exist to own land. It should first and foremost exist to have a positive impact on the world”."
"Prince William has a project to tackle homelessness, Homewards, and there are plans for the duchy to provide an extra 12,000 homes by 2040. About a third of these are intended to be affordable, with an investment in housing of 161m. There will be 123m for work places and encouraging the creation of more rural jobs and more support for renewable energy, including more solar power in the south west of England."
The Duchy of Cornwall, providing private income to the Prince of Wales, plans to sell 20% of its property over the next 10 years. The property portfolio covers 128,000 acres across 19 counties and is managed with a renewed focus on social impact. The strategy emphasizes Bath, Cornwall, Dartmoor, Isles of Scilly, and Kennington in south London. Plans include providing an additional 12,000 homes by 2040, with about a third affordable, supported by £161 million for housing. Additional funding targets workplaces, rural jobs, and renewable energy, including more solar power in the south west. Critics argue the duchy remains a revenue-generating “fruit machine,” while supporters stress improving lives and transparency.
Read at www.bbc.com
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