Crown Estate profits surge to £1.1bn, increasing Sovereign Grant to £132m for 2025/26, funding Buckingham Palace renovation.
Monarchy receives a £45 million financial boost due to Crown Estate profits surging to £1.1 billion, which will increase the taxpayer-funded Sovereign Grant to £132 million for 2025/26. This 53% increase will help fund the final stages of the £369 million 10-year renovation of Buckingham Palace. The boost will be reviewed through legislation in 2026/27 to ensure funding for the royal family remains at an appropriate level.
July 23, 2024
35 Articles