The Duchy of Cornwall has today published it Integrated Annual Report which summarises activity on the Duchy of Cornwall estate for the year ended 31st March 2024.
The year just ended has been one of both consolidation and continued change at the Duchy, as our new Duke explores what the Duchy will mean to him. The team have particularly enjoyed working with Kensington Palace, The Royal Foundation and The Earthshot Prize this year to ensure The Duke’s priorities are implemented consistently across our three organisations.
Our emerging strategic goals under his leadership are fourfold: to grow income while maintaining value, to become a net zero estate by 2032, to be an exemplar estate for mental health provision for tenants and staff, and, working with others, to address the homelessness challenge in Cornwall.
Our headline vision of Sustainable Stewardship – for Communities, Enterprise and Nature remains unchanged. Achieving a balance between financial results, protecting the natural environment on which we all depend and supporting our communities has been at the heart of the Duchy ethos for many years and will continue to be so.
This year’s distributable surplus was £23.6 million. We are pleased this was achieved while still spending a record amount on repairs and maintenance and investing in our staff and our sustainability programmes.
Significant new housing is being delivered at our main developments of Poundbury and Nansledan, despite a more cautious general market than last year. The mixture of private and affordable accommodation, alongside employment and community facilities, has been maintained. We have a planning application running for a development at Faversham in Kent, which has been the subject of much consultation locally over the last six years and which, if consented, will provide much-needed innovative sustainable housing and employment.
Our governance bodies have been relatively stable this year, with just a few changes in Council advisers. We are delighted to welcome Emily Norton and Kate Holborow to the Rural Committee, and Sean Carney to the Finance and Audit Committee. Emily brings a wealth of experience working in farming, food and rural affairs. Kate, a communications professional, was born and brought up in Cornwall and is involved with business, community and charity activities across the County. Sean is Chief Operating Officer at Kensington Palace.
The Duchy of Cornwall 2023/24 Integrated Annual Report is available in full in the link below.
The year just ended has been one of both consolidation and continued change at the Duchy, as our new Duke explores what the Duchy will mean to him. The team have particularly enjoyed working with Kensington Palace, The Royal Foundation and The Earthshot Prize this year to ensure The Duke’s priorities are implemented consistently across our three organisations.
Our emerging strategic goals under his leadership are fourfold: to grow income while maintaining value, to become a net zero estate by 2032, to be an exemplar estate for mental health provision for tenants and staff, and, working with others, to address the homelessness challenge in Cornwall.
Our headline vision of Sustainable Stewardship – for Communities, Enterprise and Nature remains unchanged. Achieving a balance between financial results, protecting the natural environment on which we all depend and supporting our communities has been at the heart of the Duchy ethos for many years and will continue to be so.
This year’s distributable surplus was £23.6 million. We are pleased this was achieved while still spending a record amount on repairs and maintenance and investing in our staff and our sustainability programmes.
Significant new housing is being delivered at our main developments of Poundbury and Nansledan, despite a more cautious general market than last year. The mixture of private and affordable accommodation, alongside employment and community facilities, has been maintained. We have a planning application running for a development at Faversham in Kent, which has been the subject of much consultation locally over the last six years and which, if consented, will provide much-needed innovative sustainable housing and employment.
Our governance bodies have been relatively stable this year, with just a few changes in Council advisers. We are delighted to welcome Emily Norton and Kate Holborow to the Rural Committee, and Sean Carney to the Finance and Audit Committee. Emily brings a wealth of experience working in farming, food and rural affairs. Kate, a communications professional, was born and brought up in Cornwall and is involved with business, community and charity activities across the County. Sean is Chief Operating Officer at Kensington Palace.
The Duchy of Cornwall 2023/24 Integrated Annual Report is available in full in the link below.
Annual Report 2024
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