Cash Blessings for the British Royals

British Monarchy – Money Sayings for the British Royals

The British royals can look forward to a substantial financial windfall next year. According to the British news agency PA, as revealed in the annual financial report of the Royal Household, the amount allocated to King Charles III (75) and his family for the performance of their duties will increase by 45 million pounds to 130 million pounds (around 155 million euros).

The background to this is the significant increase in income from the so-called “Crown Estate”. This is a portfolio of land and property holdings, as well as the rights to the economic exploitation of the seabed around the British coastline.

Royals take advantage of Offshore wind farms

The income from these sources fills the pot known as the “Sovereign Grant”, which the British royal family uses to finance their residences and official trips abroad.

The expansion of offshore wind farms in the North Sea has recently generated huge sums of money. The share reserved for the Royals was recently reduced to 12%, but the total amount at their disposal is still increasing.

Two Helicopters on the shopping list

According to the Royal House, the extra money is mainly intended for the renovation of Buckingham Palace.

However, two new AgustaWestland AW139 helicopters are already on the shopping list for this fiscal year, with which the Royals want to travel to their numerous official appointments. They have to replace two ageing Sikorsky helicopters.

The coronation cost the palace £800,000

In addition to the running costs, there have been a number of larger items in the past. For example, the coronation cost the palace £800,000 (around €950,000) – but this did not include the cost of police security and military participation.

Foreign visits were also expensive: the most expensive was the state visit of the King and Queen to Kenya. Charter flights and other expenses cost the British taxpayer more than £166,000 (almost 200,000 euros).

The financial windfall for King Charles III and his family is largely attributed to the income generated by the Crown Estate, which includes offshore wind farms and seabed rights around the British coastline. The Royal Household plans to use a significant portion of the increased funds to renovate Buckingham Palace. Two new AgustaWestland AW139 helicopters are to replace the ageing Sikorsky helicopters, with the cost covered by the additional funds. The coronation of King Charles III carried a price tag of £800,000, while the most expensive foreign visit was the King and Queen’s state visit to Kenya, which cost around £166,000 for charter flights and other expenses.

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