Part 3Management of Scottish Crown Estate assets

Planning and reporting

24Management plans

(1)

A manager of one or more Scottish Crown Estate assets must prepare plans for the management of the assets.

(2)

Each plan is to cover a period of 3 years.

(3)

Each plan must set out—

(a)

the manager’s objectives for the period to which the plan relates,

(b)

the activities that the manager proposes to undertake during that period in pursuit of the objectives,

(c)

any risks associated with those activities,

(d)

outcomes against which the achievement of the objectives may be assessed,

(e)

how the manager proposes to maintain, and seek to enhance the value of, Scottish Crown Estate assets and the income arising from them during that period, and

(f)

whether the manager proposes to dispose of any Scottish Crown Estate assets during that period and, if so, how the manager proposes to use any proceeds of the disposal.

(4)

This section and section 25 do not apply to Crown Estate Scotland (but see article 19 of the Crown Estate Scotland Order).