Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will review the Sovereign Grant annually on audited and published Crown Estate profits.

The rules governing the Sovereign Grant are set out in the Sovereign Grant Act 2011. This Act requires a review following every five-year period to ensure the percentage of Crown Estate profits used in the calculation of the Grant remains appropriate.

In addition, any unspent surplus from the Sovereign Grant goes into a reserve fund. If this reserve fund goes above 50 per cent of annual expenditure, the level of the Sovereign Grant can be reduced, requiring the Household to draw down this reserve rather than receive excessive additional funding.