UK to Cut £137.9 Million Sovereign Grant in 2027-28 After Buckingham Palace Works
Updated
Updated · BBC.com · Jun 5
UK to Cut £137.9 Million Sovereign Grant in 2027-28 After Buckingham Palace Works
1 articles · Updated · BBC.com · Jun 5
Summary
A one-off cut to the Sovereign Grant is planned for 2027-28, after the monarchy’s public funding reached a record £137.9 million in 2026-27.
Lord Livermore said legislation will reset the grant to a lower level once Buckingham Palace reservicing is completed, though the size of the reduction has not been disclosed.
The grant, which funds royal staffing, palace upkeep and official travel, rose from £86.3 million in 2024-25 and £132.1 million in 2025-26 after a temporary uplift for palace building work.
Crown Estate profits drive the formula behind the grant; although the share was cut to 12% from 2024-25, soaring estate returns still produced a £45 million increase in 2025-26.
Separate royal accounts showed £21.5 million in additional income in 2024-25 from sources including Buckingham Palace visitors, while security and major state events sit outside the grant.