Grant to cover household running costs rises to £36.1m – up from £31m in diamond jubilee year
The Queen's sovereign grant, which replaces the old civil list, has been set at £36.1m for 2013-14. Photograph: Chris Radburn/PA
The Queen has received a £5m boost in the funds she receives from the taxpayer to carry out her official duties.
The sovereign grant, which covers the running costs of the Queen's household, has been set at £36.1m for the 2013-14 financial year.
The figure has increased from the £31m allocated during the previous 12 months which included £1m to cover the extra costs of the diamond jubilee.
The sovereign grant replaces the old funding system of the civil list and grants-in-aid and came into full effect at the start of the new financial year, which began on Monday. It also covers the maintenance of the royal palaces in England and the cost of royal travel for official engagements in the UK and overseas tours.
Under the new grant the Queen receives 15% of the profits from the Crown Estate, but from funds two years in arrears.
The Crown Estate's 2011-12 accounts revealed profits of £240.2m and the final figure for the grant was rounded up to £36.1m – very close to the estimated amount – by the royal trustees in December.
Royal accounts released last year showed the cost to the taxpayer of supporting the monarchy rose marginally during 2011-12. The Queen's official expenditure increased from £32.1m in 2010-11 to £32.3m in 2011-12.
Around £10m is spent on the salaries of the Queen's staff, from footmen to chefs in the royal kitchen – but wages have been frozen for a number of years. The figure for official expenditure does not include the cost of providing security and police protection for members of the monarchy.
The sovereign grant, which covers the running costs of the Queen's household, has been set at £36.1m for the 2013-14 financial year.
The figure has increased from the £31m allocated during the previous 12 months which included £1m to cover the extra costs of the diamond jubilee.
The sovereign grant replaces the old funding system of the civil list and grants-in-aid and came into full effect at the start of the new financial year, which began on Monday. It also covers the maintenance of the royal palaces in England and the cost of royal travel for official engagements in the UK and overseas tours.
Under the new grant the Queen receives 15% of the profits from the Crown Estate, but from funds two years in arrears.
The Crown Estate's 2011-12 accounts revealed profits of £240.2m and the final figure for the grant was rounded up to £36.1m – very close to the estimated amount – by the royal trustees in December.
Royal accounts released last year showed the cost to the taxpayer of supporting the monarchy rose marginally during 2011-12. The Queen's official expenditure increased from £32.1m in 2010-11 to £32.3m in 2011-12.
Around £10m is spent on the salaries of the Queen's staff, from footmen to chefs in the royal kitchen – but wages have been frozen for a number of years. The figure for official expenditure does not include the cost of providing security and police protection for members of the monarchy.
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