Buckingham Palace has made it clear the King does not want the Royal Family to be seen to benefit after the Crown Estate announced six new offshore wind energy lease agreements.
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 to 2025.and the current financial difficulties many are facing.At his accession council he also said that he wished to surrender the revenues of the Crown Estate for the wider public good, retaining only a small percentage to fund royal public duty.
The monarch surrenders the revenue from the estate, more than £312m a year, to the Treasury each year for the benefit of the nation's finances, in exchange for the Sovereign Grant.
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