UK Sovereign Grant set at £137.9m for 2026-27 as government signals post-2027 'reset' of royal funding

The House of Commons Library published an updated research briefing on the Finances of the Monarchy on 5 June 2026 (author David Torrance), consolidating figures from the Royal Trustees' report of 24 March 2026. It confirms the Sovereign Grant for 2026-27 is set at £137,900,000, up from £132,100,000 in 2025-26 — an increase of roughly £5.8 million. The Grant is now calculated as 12% of Crown Estate profits, reduced from 25% by the Sovereign Grant Act 2011 (Change of Percentage) Order 2024 to reflect additional income from offshore wind developments.

The elevated grant continues to fund the final tranche of the ten-year, £369 million Buckingham Palace 'Reservicing' programme begun in 2017; the documents reference roughly £100.3 million of remaining agreed reservicing funding being delivered across 2025-26 and 2026-27. Crucially, the government has confirmed its intention to bring forward legislation to reduce ('reset') the Grant from 2027-28 once reservicing funding is complete, with a review to determine the appropriate percentage thereafter and a mechanism to guard against 'inappropriately high' funding. The briefing notes the Sovereign separately receives Privy Purse income from the Duchy of Lancaster, while the Prince of Wales receives net profits from the Duchy of Cornwall.

The dual-document nature (Treasury report plus independent Commons Library analysis) provides primary-source confirmation of both the headline figure and the planned reform.