The Crown Estate’s revenue account profit is paid in full to the Consolidated Fund. In exchange, the Government provides the Sovereign Grant to support the Monarch’s official business. The Grant does not provide an income to any member of the royal family.

As set out in the Sovereign Grant Review published on 25 June 2026, the Royal Trustees have determined that a reference rate of 20.5 per cent is appropriate for the funding formula from 2027-28 onwards, which equates to a 2027-28 Grant amount of £99.9 million, a reduction against the £137.9 million in 2026-27.

As the Sovereign Grant Act 2011 currently restricts the Grant amount from being set lower than the preceding year’s amount, the Government has committed to bring forward legislation to enable the Grant for 2027-28 to be set at this lower amount, to reflect the adjustment now that the temporary additional funding for Buckingham Palace Reservicing is no longer needed.