A NEW campaign to devolve the Crown Estates to Wales will be formally launched at Westminster later this month.

Welsh housing justice charter group Siarter Cartrefi, in partnership with Labour MP Beth Winter and Plaid Cymru’s Westminster leader Liz Saville-Roberts, will launch its campaign on January 30.

Siarter Cartrefi’s Catrin O Neill said: “Wales should benefit directly from the profits of renewable energy and use this money to address the poverty and inequality in communities across Wales.”

The Crown Estate in Wales owns about two thirds of the Welsh foreshore and riverbed, and more than 50,000 acres of land with an estimated value in 2023 of £853 million.

Its profits are funnelled into the UK Treasury, and 25 per cent of revenues pay towards the upkeep of the royal family.

The campaign, launching via Zoom, aims to make a reality a recommendation from last week’s Independent Constitutional Commission for Wales report.

Since 2016, the Crown Estate has been devolved in Scotland.