Question to the HM Treasury:

To ask His Majesty's Government what is the income from the Crown Estates for the past five years; what proportion of this is allocated to the Royal Family and for what purpose; and what plans they have, if any, to review this allocation.

The net revenue surplus from The Crown Estate (TCE) is in the public domain and can be obtained from the TCE annual accounts.

Information for the last five years is set out below :

• 2022 – 23, £442.6 million
• 2021 – 22, £312.7 million
• 2020 – 21, £269.3 million
• 2019 – 20, £345 million
• 2018-19, £343.5 million

The King surrenders this revenue from The Crown Estate to the government. In exchange, the King receives public funding in line with the Sovereign Grant Act 2011. The Act specifies that the Sovereign receives a grant each financial year.

Under the Act, the Grant is currently based on 25% of The Crown Estate's revenue account profit in the year two years prior to the funding year. The Act also requires that the Royal Trustees (the Prime Minister, the Chancellor of the Exchequer, and Keeper of the Privy Purse) periodically review whether the percentage used remains appropriate.

The Royal Trustees’ second periodic review of the percentage value used to determine the Sovereign Grant is expected to conclude shortly. This will take account of expected changes to The Crown Estate’s revenues. Any change in the percentage value will then be used in the calculation of the Grant for 2024-25.