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A private estate established in 1337 which funds the public, charitable and private activities of the Prince of Wales and his family.

Integrated Thinking


We believe integrated thinking is fundamental to sustainable development and, as such, it has always been part of how the estate is managed. Our ambition is to systematically apply integrated thinking across our activities to optimise financial results and transparency, add value to communities and the natural environment, and enhance the estate’s living legacy.

How we create and share value: our
business model

Through our business model and under the leadership of The Duke of Cornwall, we approach our activities with commercial realism and social and environmental responsibility. 

We rely on resources and relationships to create value

Understanding how we depend and impact on our inputs enables us to be efficient and responsible in the way we use and enhance them in the long term.

Strategic objective

The estate’s property assets, financial investments, loans and cash

Natural

As an historic estate of 53,000 hectares, natural capital is a major resource

Community

Our community relationships that support the effective management of the estate

Manufactured

Mainly buildings – some very old, some newly constructed – and renewable energy installations

People

Our people’s skills, capabilities, values and commitment, including our employees and Council and Committee members

Intellectual

The intellect, diversity and long-term service of our people, tenants and HRH as The Duke of Cornwall

We always consider the most important issues for our stakeholders

Understanding what matters most to our stakeholders and which issues have the most material impact on our ability to create value helps us to manage risks and maximise opportunities.

View our most important issues.

Being mindful of our reputation and how we communicate

Knowing our impact on natural capital such as soil, air and water

Being aware of the potential impacts of political change and uncertainty

Understanding our long-term impact on the climate

Knowing our impact on natural capital such as soil, air and water

Recognising the need to build a diverse and inclusive workforce

And are guided by our strategic objectives

View our strategic objectives.

Provide income

to support the public, charitable and personal activities of The Duke of Cornwall and his immediate family

Generate capital and rebalance capital assets

while maintaining the quality and integrity of the estate

Engage with and actively support communities

by listening and responding to local needs and priorities, and by promoting economic and social well-being

Cherish, protect and enhance land and property

to maintain the estate for future generations

Improve environmental outcomes

by working with farmers and other partners, and reducing the impact of the Duchy’s in-house operations

To ensure we create long-term value for them

Through our approach and activities, we generate positive impacts for all stakeholders, balancing environmental, social and economic needs.

Greater financial value – by delivering a growing revenue surplus and increased capital values

Our financial statements

Enhanced natural capital – by supporting sustainable farming and rural communities

Stronger communities – by stimulating local prosperity and supporting rural infrastructure

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The Duke of Cornwall

The Duke of Cornwall

The Duchy of Cornwall is a private estate established by Edward III in 1337 to provide independence to his son and heir, Prince Edward.

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The Duchess of Cornwall

The Duchess of Cornwall

The Duchess of Cornwall supports her husband, The Prince of Wales, in carrying out his work and duties as Heir to The Throne and Duke of Cornwall.

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History of the Duchy

History of the Duchy

The Duchy was created in 1337 by Edward III for his son and heir, Prince Edward. A charter ruled that each future Duke of Cornwall would be the eldest surviving son of the Monarch and the heir to the throne.

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