Sovereign Grant
E36307
The Sovereign Grant is the UK government-funded mechanism that provides the British monarch and royal household with money to support official duties and maintain royal residences.
Aliases (2)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
UK government grant
→
monarchy funding system → public funding mechanism → |
| administeredBy |
HM Treasury
→
|
| appliesTo |
British monarch
→
Royal Household → |
| beneficiary |
Royal Household
→
reigning British monarch → |
| calculationBasis |
percentage of Crown Estate net profits
→
|
| category |
public finance in the United Kingdom
→
|
| country |
United Kingdom
→
|
| covers |
maintenance of occupied royal palaces
→
official travel costs of the monarch → royal communications and media relations → staff costs of the Royal Household → utilities and running costs of royal residences → |
| excludes |
costs of royal weddings
→
costs of state funerals → military ceremonial costs → security costs → |
| fundingSource |
profits of the Crown Estate
→
|
| intendedEffect |
increase transparency of royal finances
→
simplify funding of the monarchy → |
| introducedIn |
2012
→
|
| legalBasis |
Sovereign Grant Act 2011
→
|
| linkedTo |
Crown Estate performance
→
|
| payer |
UK government
→
|
| purpose |
fund official duties of the monarch
→
maintain royal residences → |
| relatedTo |
British monarchy
→
Civil List → Crown Estate → |
| replaced |
Civil List
→
grants-in-aid for communications and information → grants-in-aid for maintenance of the occupied royal palaces → grants-in-aid for royal travel → |
| replacesFundingModel |
fixed Civil List payments
→
|
| reportedIn |
Royal Household annual financial reports
→
|
| reviewedBy |
Royal Trustees
→
|
| RoyalTrusteesInclude |
Chancellor of the Exchequer
→
Keeper of the Privy Purse → Prime Minister of the United Kingdom → |
| subjectTo |
audit by the National Audit Office
→
periodic review of funding formula by Parliament → |
| ultimateSourceOfFunds |
UK taxpayers
→
|
| usedFor |
upkeep of Buckingham Palace
→
upkeep of Windsor Castle (occupied areas) → upkeep of other occupied royal palaces → |
Referenced by (6)
| Subject (surface form when different) | Predicate |
|---|---|
|
British monarchy
→
British royal family → Privy Purse and Treasurer’s Office ("Sovereign Grant (for certain official costs)") → |
fundingSource |
|
Crown Estate
→
|
isFinanciallyIndependentFrom |
|
Sovereign Grant
("Sovereign Grant Act 2011")
→
|
legalBasis |
|
Crown Estate Act 1961
("Sovereign Grant Act 2011")
→
|
relatedTo |