#sovereign-grant

#sovereign-grant

"We always knew the boost to our profits due to offshore wind leasing option fees from round four was short-term. We expect this year to be the high point for these returns before our net revenue profits normalise and move to more steady growth."

Since the Sovereign Grant's introduction in 2012, public funding for the Royal Household has drastically increased, reaching 132 million due to extensive building work at Buckingham Palace.