https://www.bbc.com/news/articles/crld11w9538o

The grant is based on a percentage of the profits of the independent property and landowning business, the Crown Estate. The grant is not from the Crown Estate, it comes from the Treasury, but the Crown Estate is used as a benchmark.

Sovereign Grant was initially set at 15% of Crown Estate profits, which rose to 25% to cover the cost of renovating Buckingham Palace.

It's now being reduced to 12%. But because of increased profits for the Crown Estate from selling leases for offshore wind farms, the actual cash amount has risen sharply, because it's a percentage based on a much bigger total.

Posted by ButIDigress79

3 comments

  1. At least they bring in all that tourist money and work so hard at bettering the country.

  2. The percentage based on a bigger total means the 88% that the Treasury gets is also larger to the same extent

  3. This is more of a clickbait headline, because for all the arguments for or against the monarchy finances, this one doesn’t have merit.

    The increase of funding is because of BP’s renovations and the renovations aren’t because Elizabeth or Charles or William wanted them, it’s because it’s a historic building with great importance to the country and brings a lot of tourists, these costs would’ve still been there even if there was no monarchy.

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