Queen gets extra £5m in funds

The Queen has received an extra £5 million from the taxpayer to carry out her official duties and cover the running costs of her household. The Sovereign Grant, which replaces the Civil List, has been set at £36.1 million for 2013/14.

Live updates

Details of the Queen's finances revealed

The Sovereign Grant which covers the running costs of the Queen's Household and the maintenance of the royal palaces in England as well as the cost of royal travel for official engagements in the UK and overseas, will increase by £5 million next year.

  • The figure has increased from the £31 million allocated during the previous 12 months - which included an extra £1 million to cover the costs of the Diamond Jubilee.
  • Under the new grant the Queen receives 15% of the profits from the Crown Estate, two years in arrears.
  • The Queen's official expenditure increased from £32.1 million in 2010/11 to £32.3 million in 2011/12.
  • Around £10 million is spent on the salaries of the Queen's staff, from footmen and chefs to gardeners.

The Crown Estate's 2011/12 accounts revealed profits of £240.2 million and the final figure for the grant was rounded up to £36.1 million - very close to the estimated amount - by the Royal Trustees in December.

Royal accounts released last year showed the cost to the taxpayer of supporting the monarchy rose marginally during 2011/12.

The figure for official expenditure does not include the cost of providing security and police protection for members of the monarchy.

Queen to get £5 million boost to royal grant

The Queen will received a £5 million boost in the funds she receives from the taxpayer to carry out her official duties.

The Sovereign Grant came into effect at the start of the new financial year yesterday and replaces the old funding system of the Civil List and grants-in-aid.

The Queen during a recent visit to Baker Street Tube Station Credit: Chris Radburn/PA Wire

The Grant, which covers the running costs of the Queen's Household, has been set at £36.1 million for the 2013/14 financial year.

Advertisement

Back to top