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1. www.gov.uk › government › publicationsSovereign Grant Act 2011: report of the Royal Trustees on the ...

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   Mar 28, 2022 · This report is made by the Royal Trustees under section 5 (1) of the 2011 act. The report gives details of how the Sovereign Grant is calculated and announces that £86.3 million will be given to ...

   • Author: HM Treasury

2. www.townandcountrymag.com › society › traditionUK Government Announces Shake-up of Royal Family Finances ...

   www.townandcountrymag.com › society › tradition

   Jul 20, 2023 · "The review took into account the Royal Household’s current income and expenditure, the level of the Sovereign Grant Reserve, and the costs of major projects to be carried out.”

3. assets.publishing.service.gov.uk › governmentSovereign Grant Act 2011 - GOV.UK

   assets.publishing.service.gov.uk › government

   Legislative background. Calculation and payment of the Sovereign Grant. 1.1 Under section 1(1) of the Sovereign Grant Act 2011 (“the 2011 act”) the Treasury is to pay to Her Majesty a Sovereign Grant (“the grant”) for each financial year.1The purpose of the grant is to provide resources for use for that year by the Royal Household in ...

4. www.royal.uk › sites › defaultSOVEREIGN GRANT ACT 2011 - The Royal Family

   www.royal.uk › sites › default

   The additional Sovereign Grant for Reservicing for 2022-23 was £34.5 million and the total Sovereign Grant for 2022-23 was therefore £86.3 million. For a summary of expenditure refer to the ‘overview of the year’ section on page 7. The total Sovereign Grant for 2023-24 is unchanged at £86.3 million (Core £51.8 million and

5. assets.publishing.service.gov.uk › governmentSovereign Grant Act 2011 - GOV.UK

   assets.publishing.service.gov.uk › government

   1.8 The amount of the Sovereign Grant for the financial year 2023-24 is £86,300,000. 1.9 A statement of how that amount has been determined by the Royal Trustees is included in annex A to this report. 1.10 Annex B contains information about the ongoing review by the Royal Trustees under section 7 of the 2011 act.

6. www.gov.uk › government › publicationsReport of the Royal Trustees on the Sovereign Grant Review ...

   www.gov.uk › government › publications

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   Nov 18, 2016 · The Royal Trustees have therefore concluded that the percentage used to calculate the Sovereign Grant should be increased temporarily from 15% to 25% and intend to legislate for this to be reduced ...

7. People also ask

   What is the Sovereign Grant report?

   • Request an accessible format. This report is made by the Royal Trustees under section 5 (1) of the 2011 act. The report gives details of how the Sovereign Grant is calculated and announces that £86.3 million will be given to the Royal Household in support of Her Majesty’s official duties.

   Sovereign Grant Act 2011: report of the Royal Trustees on the Sovereign

   www.gov.uk/government/publications/sovereign-grant-act-2011-report-of-the-royal-trustees-on-the-sovereign-grant-for-2022-23

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   What is the Sovereign Grant report for 2022-23?

   • This report is made by the Royal Trustees under section 5 (1) of the 2011 act. The report gives details of how the Sovereign Grant is calculated and announces that £86.3 million will be given to the Royal Household in support of Her Majesty’s official duties. The report details the amount of the Sovereign Grant for 2022-23.

   Sovereign Grant Act 2011: report of the Royal Trustees on the Sovereign

   www.gov.uk/government/publications/sovereign-grant-act-2011-report-of-the-royal-trustees-on-the-sovereign-grant-for-2022-23

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   How much is the Sovereign Grant for the financial year 2023-24?

   • e financial year 2023-24The amount of the Sovereign Grant for the financial year 2023-24 is £86,300,000.1.9 A statement of how that amount has been determined by the Royal Trustees is included i annex A to this report.1.10 Annex B contains information about the ongoing review by the Royal Trustees under s

   Sovereign Grant Act 2011 - GOV.UK

   assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1146988/Publication_-_Sovereign_Grant_Act_2011_-_report_of_the_Royal_Trustees_on_the_Sovereign_Grant_2023-24_-_March_2023__003_.pdf

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   What percentage should the Sovereign Grant be increased?

   • The Royal Trustees have therefore concluded that the percentage used to calculate the Sovereign Grant should be increased temporarily from 15% to 25% and intend to legislate for this to be reduced once the reservicing works are completed. Please read the news story for more information.

   Report of the Royal Trustees on the Sovereign Grant Review 2016

   www.gov.uk/government/publications/report-of-the-royal-trustees-on-the-sovereign-grant-review-2016

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   What if the reserve exceeds 50% of the Sovereign Grant?

   • by the Royal Trustees. To ensure that the Grant remains at an appropriate level, if the Reserve exceeds 50% of the Sovereign Grant used in that year, the Royal Trustees may specify a lower future grant amount than would otherwise have been implied by the formula included in the

   SOVEREIGN GRANT ACT 2011 - The Royal Family

   www.royal.uk/sites/default/files/documents/2023-06/Sovereign Grant Report 2022-23.pdf

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   How much does the Sovereign Grant pay for Reservicing?

   • cessibility is improved. It is funded by an uplift of the Sovereign Grant for ten years, wh ch commenced in 2017-18. This year the total Sovereign Grant was £86.3 million (£86.3 million in 2021-22), of which £34.5 million was for Reservicing (£

   SOVEREIGN GRANT ACT 2011 - The Royal Family

   www.royal.uk/sites/default/files/documents/2023-06/Sovereign Grant Report 2022-23.pdf

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8. www.royal.uk › sites › defaultSovereign Grant Act 2011: Report of the Royal Trustees on the ...

   www.royal.uk › sites › default

   7.4 The Royal Trustees have therefore concluded that the percentage used to calculate the Sovereign Grant should be increased temporarily to 25% and expect this to be reduced once the reservicing works are completed. 7.5 The increase in resources is only required temporarily, for the duration of the works themselves.