Capital Investment Challenge Funds

06 September 2021 at 16:49:07

Our Capital Investment Challenge Funds are designed to help us identify investment opportunities which contribute to meeting our core objectives.

We will operate three funds covering different themes:

  • Boat-based tourism; 
  • Local partnerships; and 
  • Innovation with Natural Resources. 

Information about general and fund-specific conditions which apply can be found below.

At the current time, the funds accepting applications are:

  • Boat-based tourism,  until Friday 1 October 2021(5pm)

  • General conditions

    The following important conditions apply:

    • Crown Estate Scotland must invest in land and property which is already part of the Scottish Crown Estate or is purchased to form part of the Scottish Crown Estate. 
    • Crown Estate Scotland is not permitted to trade and cannot take shared ownership or shared equity in land and property assets. We are therefore unable to invest in assets that belong to others. 
    • Crown Estate Scotland investment funds are not grant funds, they are capital investment and in line with statutory requirements, we need to be mindful of the financial value of the assets which are the subject of investment over time, as well as the financial return and wider value the investment generates.

    Application to the funds

    As a public corporation Crown Estate Scotland must follow certain procedures when appraising investment projects to ensure proposals are financially viable and meet our legal and corporate objectives. 

    To enable us to assess applications for investment, we will use a three-stage process which is set out as follows:

    • Stage 1, where applicants will complete a form which provides enough detail for us to assess whether an investment might be viable.
    • Stage 2, where selected applicants are invited to work with us in preparing a Strategic Outline Business Case (SOBC), which will be considered by our Investment Committee.
    • Stage 3, where applicants whose SOBC is approved are invited to work with us in preparing a Full Business Case (FBC) which will be submitted to our Investment Committee for a final decision.

    More detailed information on the process is presented in the Stage 1 Application Form for each fund.

    Further information:

  • https://www.crownestatescotland.com/our-projects/capital-investment-challenge-funds

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