The Royal Family receives an annual payment from the taxpayer, known as the Sovereign Grant, which is used to pay for official expenses, such as the upkeep of properties and staff costs.
The amount is based on a proportion of the profits of the Crown Estate,, external a £15.5bn property business owned by the monarch, but run independently.
The Sovereign Grant is worth £86.3m for 2024-2025, as it was in the previous three years, although the Royal Family’s total spending was more, with the difference covered by reserves.
To keep the annual payment at the same level, the grant is now a smaller percentage of Crown Estate profits, external.
But those profits have now been boosted by six new offshore wind farms, making the grant worth £132m in 2025-26 – even under the reduced formula.
Without the reduction, the monarchy would have received £275m.
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‘ Some details of this article were extracted from the following source www.bbc.co.uk ’
