Sovereign Grant

(asked on 24th February 2025) - View Source

Question to the HM Treasury:

To ask His Majesty's Government whether they intend to reset the level of the Sovereign Grant once the reservicing works in Buckingham Palace have been completed.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 26th February 2025

As required by the Sovereign Grant Act 2011, the next review of the Sovereign Grant will take place in 2026. The government has committed to bring forward legislation to reset the Grant to a lower level from 2027-28 once Buckingham Palace reservicing works are completed.

Reticulating Splines