The Queen will receive an extra £2.7 million in funding in 2016-17.
The sovereign grant, provided by Government to the Royal Household in support of The Queen's official duties, will be £42.8 million in 2016-17, the Autumn Statement revealed - up from £40.1 million in 2015-16.
Under the sovereign grant system, the Queen receives 15% of the profits from the Crown Estate property portfolio, two years in arrears.
The income account net surplus of the Crown Estate for 2014-15 was £285,100,000, resulting in a grant of £42.8 million for 2016-17.
As part of the monarch's official duties, the money is used for the maintenance of residences including Buckingham Palace, St James's Palace, and Windsor Castle.
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel