Royal Household would receive £99.9 million in 2027–28, although the overall Sovereign Grant is set to fall
King Charles’s official duties are set to receive increased core funding under plans to reshape the monarchy’s financial support.
The Sovereign Grant Bill would set annual funding at £99.9 million for 2027–28. The grant covers official duties and Royal Household expenses, including staffing, travel and the maintenance of occupied royal palaces. It is not the King’s personal salary. Royal funding explained
The proposed amount represents a £27.8 million increase from the £72.1 million core allocation in 2025–26. Core funding stood at £51.8 million in 2024–25.
However, the overall Sovereign Grant would fall from £137.9 million in 2026–27 as the temporary funding boost for Buckingham Palace’s decade-long reservicing programme comes to an end. House of Commons briefing
Treasury minister Dan Tomlinson linked the higher core budget to an increase in the 77-year-old monarch’s official activities.
He explained that Queen Elizabeth II undertook fewer overseas engagements and hosted fewer state visits towards the end of her reign. Charles’s increased workload, he said, has brought additional staffing and support costs.
His comments came as MPs approved a motion paving the way for changes to the funding arrangements following a review by the Royal Trustees.
Tomlinson said the recommendation reflected an assessment of the Royal Household’s expected costs and Crown Estate revenues between 2027 and 2032. He also told MPs that palace refurbishment costs would reach £33.6 million next year, compared with £18 million in 2016–17. Minister’s remarks
Under the proposed changes, the percentage of Crown Estate net profits used to calculate future grants would rise from 12% to 20.5%. Sovereign Grant Bill
The Crown Estate is a portfolio of land and property held by the monarch “in right of the Crown”. It is not Charles’s private property, and its revenues do not belong to him personally. Crown Estate explanation
