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Royal family core funding set for major increase under new grant formula
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThe monarchy's core funding, the Sovereign Grant, is projected to nearly double to £100 million annually by 2027-28. This decision was made by the Royal Trustees, comprising outgoing Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and the King’s Keeper of the Privy Purse and Treasurer, James Chalmers. The substantial increase is earmarked for addressing a backlog in maintenance across royal palaces, enhancing cybersecurity and installing energy-efficient heating systems, including replacing boilers at Windsor Castle. The new funding structure will see the Sovereign Grant calculated as 20.5 per cent of Crown Estate net profits from 2027-28, an increase from the current 12 per cent. The Royal Household stressed that the funding is not a "blank cheque" and is subject to strict value-for-money requirements, funding the institution's work rather than personal income for members of the Royal Family. In fullRoyal family core funding set to almost double to £100 million a yearThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
Royal family core funding set to almost double to £100 million a year
The decision to increase funding was made by the Royal Trustees, including outgoing Prime Minister Keir Starmer
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How much does the royal family cost? Key figures as Sovereign Grant increases again
Here are some of the key figures from the 2025-26 Sovereign Grant and other royal accounts
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mirror.co.uk
Royal Family bumper pay rise in cost of living crisis is a tough pill to swallow
A new deal with the Treasury means the Royal Family are to get £100million a year of taxpayer money - and Royal Editor Russell Myers says we should be entitled to more transparency
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Royal family core funding set for major increase under new grant formula
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or…
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inews.co.uk
The Royal Family has promised to stop wasting money. This is the proof it hasn't
The monarchy’s core taxpayer funding is set to double to £100m, as annual accounts reveal a rise in royal spending on travel, staff and hospitality
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theguardian.com
At last, an economic policy we can all get behind – doubling the royal family’s funding | Marina Hyde
But with rumours about a certain workshy Windsor circulating this week, are we actually encouraging joblessness with an overly generous safety net, asks Guardian columnist Marina…