Annual accounts reveal future £45 million boost to funding
King Charles is set to replace his 15-year-old helicopters this year as income from the Crown Estates soared to £1.1 billion last year.
Annual accounts have revealed the monarchy will receive a boost of £45 million in its funding during the 2025/2026 financial year due to rising profits in 2023/2024.
The Sovereign Grant sees the royal family receive 12 per cent of the net profits of the Crown Estate and is based on funds gained two years prior.
In the 2024/2025 financial year, the household’s income will remain at £86.3m as it has been in the last three years.
The money is spent on running the royal household and helping the monarchy function effectively. One aspect funded by the grant is the family’s transport costs to formal engagements.
In total more than 170 helicopter journeys costing a total of over £1b were taken in the last year. The palace revealed that these will now be replaced with two brand new AgustaWestland AW139s.
Other areas the crown plans to invest in is the eco-friendly overhaul of the monarchy. Windsor Castle has already had solar panels installed while two of the King’s State Bentleys are being converted to run on biofuel.
The latest financial report indicates that there will be a significant increase in funding for King Charles and the royal family in the upcoming year. Thanks to a boost in profits from the Crown Estates, the monarchy is set to receive an additional £45 million in funding for the 2025/2026 financial year. This increase comes on the heels of a successful 2023/2024 financial year, where the monarchy saw profits rise to a staggering £1.1 billion.The Sovereign Grant, which provides the royal family with a percentage of the Crown Estate’s net profits, is a key source of funding for the monarchy. This year’s increase in funding will help support the royal household’s operations and ensure that the monarchy can continue to function effectively. One area that will benefit from this funding boost is the transportation costs for formal engagements. The royal family frequently relies on helicopters to travel to various events, and the aging fleet will soon be replaced with two new AgustaWestland AW139s.In addition to investing in new helicopters, the monarchy is also focusing on sustainability initiatives. Windsor Castle has already been outfitted with solar panels, and efforts are underway to convert two of the King’s State Bentleys to run on biofuel. These eco-friendly upgrades are part of the crown’s commitment to reducing its carbon footprint and operating in a more sustainable manner.As we continue to track developments within the royal family, be sure to follow us for more updates on their initiatives and investments. Stay tuned for more information on how the monarchy is adapting to the changing landscape and embracing new technologies and practices. We are committed to providing you with useful and trustworthy content to keep you informed about the latest news and developments. Thank you for your continued support. Source: The Wall Street Journal.
The increase in funding for King Charles and the royal family comes at a crucial time as the monarchy looks to modernize and adapt to changing times. With the boost in profits from the Crown Estates, the monarchy is well-positioned to invest in key areas that will help strengthen its operations and sustainability efforts.One of the main areas that will benefit from the additional funding is transportation for formal engagements. The replacement of the aging helicopters with new AgustaWestland AW139s will not only improve the safety and efficiency of travel for the royal family but also showcase a commitment to embracing modern technologies.Moreover, the monarchy’s focus on sustainability is commendable, with initiatives such as solar panels at Windsor Castle and the conversion of State Bentleys to run on biofuel. These green upgrades demonstrate a commitment to reducing the monarchy’s carbon footprint and setting an example for environmental stewardship.As we look ahead to the 2025/2026 financial year, it is clear that the monarchy is on a path towards modernization and sustainability. With increased funding and a focus on eco-friendly practices, King Charles and the royal family are poised to lead by example in a rapidly changing world. Stay tuned for more updates on their initiatives and investments as they continue to evolve and adapt to meet the challenges of the future.
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