Copyright bbc
Profits of the Crown Estate - a property business owned by the monarch but run independently - go to the Treasury. The level of profit is used to calculate the funding given by the government to the Royal Family. The Crown Estate had assets worth £15bn in 2023-24, with billions of pounds worth of properties in London, including Regent Street, as well as nearly half the land along the coast of England, Wales and Northern Ireland. The estate is not the King's private property - it merely belongs to the monarch for the duration of their reign. The King cannot sell its assets or keep any profits for himself. The Sovereign Grant was initially worth 15% of the Crown Estate profits generated two years previously. That increased to 25% in 2017-18, to help pay for the Buckingham Palace repairs, before reducing to 12% since 2024-25. However, soaring profits from the Crown Estate due to six new offshore wind farms still led to the £45m increase in the Sovereign Grant in 2025-26. Under the Sovereign Grant Act 2011, if the Crown Estate's profits fall, the monarch still receives the same amount as the previous year, with the government making up the difference. The UK government said that over the last 10 years, the revenue received from the Crown Estate was £5bn, which was used for public spending.
