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last mo.

Record Crown Estate Profits Push Sovereign Grant to £132 Million

Record returns from London real estate alongside seabed leases for offshore wind have driven Crown Estate profit to a peak that will raise the Sovereign Grant to £132 million next year.

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Overview

  • Crown Estate registered a £1.1 billion profit in the year to March, more than doubling from two years earlier.
  • Under the 12 percent funding formula, that performance lifts the Sovereign Grant for 2025/26 from roughly €100 million to a forecasted £132 million.
  • A further €107 million is scheduled to phase into the Sovereign Grant by 2027 under its established calculation method.
  • The Grant financed key 2024/25 outlays including a €430 million Buckingham Palace renovation, €5.5 million in royal travel and €35 million in staff salaries.
  • Private incomes remain separate from the Grant, with Charles and Camilla supported by the Duchy of Lancaster and Prince William receiving around €27 million from the Duchy of Cornwall.