Written question asked by Lord Foulkes of Cumnock (Labour) on Monday, 24 February 2025, in the House of Lords. It was due for an answer on Monday, 10 March 2025. It was answered by Lord Livermore (Labour) on Tuesday, 4 March 2025 on behalf of the Treasury.

Sovereign Grant: Reviews

Question: To ask His Majesty's Government when the terms of reference for the next review of the Sovereign Grant in April 2026 will be prepared; who will be responsible for preparing them; and what input will be invited from parliamentarians.

Answer: The requirements for the 2026 review of the Sovereign Grant have been set by Parliament in the Sovereign Grant Act 2011. This requires the Royal Trustees to consider what percentage of Crown Estate profits should be used in the calculation of the Sovereign Grant for the period from 2027, once Buckingham Palace reservicing works are completed. The Act requires that the Royal Trustees report is laid in Parliament, and any change in the percentage used given effect by Statutory Instrument agreed by the House of Commons. In addition, the government has committed to bring forward legislation to reset the Grant to a lower level from 2027-28, which will enable further parliamentary debate on this issue.

Secondary information