King Charles has asked for profits from a £1 billion-a-year Crown Estate wind farm deal to be used for the “wider public good” - rather than as a funding boost for the monarchy
King Charles has asked for profits from a £1 billion-a-year Crown Estate wind farm deal to be used for the “wider public good” rather than as a funding boost for the monarchy.
But 74 year old Charles, who highlighted the cost-of-living crisis in his Christmas message, has requested that the extra funds “be directed for wider public good”, instead of to the Sovereign Grant, at a time when many are facing financial hardship. The monarch surrenders the revenue from the Estate – more than £312 million a year – to the Treasury each year for the benefit of the nation’s finances, in exchange for the Sovereign Grant.
The Sovereign Grant is based on funds two years in arrears, so any boost in Crown Estate profits and new percentage arrangements would not impact the grant until 2024-2025.
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