Overview
- Prince William, whose plan surfaced Monday in The Times, aims to sell about one fifth of Duchy land over the next decade to raise roughly £500 million.
- Money would back new homes, clean energy and nature restoration, with efforts focused on five areas: the Isles of Scilly, Cornwall, Dartmoor, the Bath region and Kennington in south London.
- Duchy chief executive Will Bax called the next decade an era of change and said William wants the estate to drive social impact rather than only hold land.
- Any large disposals would go through the Duchy board and may require government approval, so the plan remains at the proposal stage.
- The Duchy, worth about £1.1 billion and generating more than £20 million a year for the Prince’s duties and family, has passed to heirs since the 14th century, and early tenant concerns on a Devon estate show how sales could affect local livelihoods.