King Charles Set to Receive £132m from £1.1bn Crown Estate Profits

King Charles is set to receive an official Sovereign Grant of £132 million for the second consecutive year in 2026-27, funded by profits from the Crown Estate, which reached £1.1 billion due to a surge in offshore wind farm developments. Despite the Crown Estate's profits more than doubling over two years, the grant rate was reduced from 25% to 12% to temper the windfall, keeping the monarchy's income stable. This temporary increase in funding supports the ongoing £369 million refurbishment of Buckingham Palace and an enhanced maintenance program for other royal properties, including projects delayed by the Covid-19 pandemic. The Crown Estate, valued at £15 billion, also manages significant London properties and rural land, with plans for major redevelopment and housing projects. The Sovereign Grant covers the costs of official royal duties and upkeep of royal palaces but excludes security expenses. Royal engagements have increased significantly, with over 1,900 public duties and 828 official events attracting more than 93,000 guests, reflecting a renewed focus on modernizing the monarchy and increasing public accessibility.