Windfarms help drive record profit for crown estate

Seabed fees lift annual profit to 443m amid talks over what proportion of windfall should be shared with King Charles

• Cash and the crown estate: a look at the British monarchy's funding deal

The crown estate has generated record profits of almost half a billion pounds from Britain's offshore windfarms, as talks continue over how much of the windfall should be shared with King Charles.

The royal property manager made 443m in profits in its last financial year, up by almost 130m from the year before, in large part thanks to payments made by renewable energy companies for the right to access the seabed.