King Charles to Be Given Almost £100m to Fund Royal Household
The formula shifts as the Crown Estate share rises to 20.5% to cover higher royal household costs and palace maintenance.
- On Wednesday, the House of Commons approved a motion to update the funding formula for the British monarchy, setting King Charles's core annual Sovereign Grant at £99.9 million for 2027-28.
- Treasury Minister Dan Tomlinson explained that core funding has increased from £51.8 million in 2024-25 because the King significantly increased his public engagements and state visits compared to Queen Elizabeth II's final years.
- The Sovereign Grant percentage of Crown Estate net profits will rise to around 20.5%, supporting official duties and staffing, while funds also address property maintenance backlogs and strengthen cybersecurity systems.
- Despite the rise in core funding, the overall Sovereign Grant will decrease from £137.9 million as the 10-year Buckingham Palace refurbishment programme nears completion, reducing the temporary uplift provided for that project.
- The funding recommendation was based on an assessment of Royal Household costs and Crown Estate revenues between 2027 and 2032, aiming to ensure adequate support for the King's public duties.
15 Articles
15 Articles
Oxford Mail
thisisoxfordshire.co.ukKing Charles to be given almost £100m to fund Royal Household
King Charles III is to be given almost £100m to fund the Royal Household.
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