Bill 4280 1st Reading Lords

Sovereign Grant Bill

A Bill to Specify the amount of the Sovereign Grant for the financial year 2027-28 and the percentage of the income account net surplus of the Crown Estate to be used by the Royal Trustees to determine the amount of the Sovereign Grant in subsequent financial years; to confer a duty and a power on the Treasury to specify the amount of the Sovereign Grant in subsequent financial years in certain circumstances; and for connected purposes.

Introduced by
John Healey · Labour · Rawmarsh and Conisbrough
Originating house
Commons
Introduced
1 September 2026
Last updated
28 September 2026

What this bill does

Currently at 1st Reading in the Lords.

Updates how much money the Royal Household gets and how it is worked out.

This latest version of the Sovereign Grant Bill fixes the Sovereign Grant for 2027-28 at £99.9 million and then changes the formula for later years. It also gives the Treasury new powers to step in if the usual calculation would not produce an appropriate amount, and to raise the grant in exceptional cases with Commons approval. The Bill also trims some reporting duties and updates the 2011 Act to fit the new system.

  • Set the Sovereign Grant for the financial year 2027-28 at £99.9 million.
  • Raise the Crown Estate income surplus percentage used in future calculations from 12% to 20.5%.
  • Remove certain Royal Trustees review duties linked to the previous percentage and 2027-28 determination.
  • Require the Treasury to use regulations to set a different grant amount if the Royal Trustees say the formula gives an inappropriate result and cannot be adjusted to an appropriate amount.
  • Allow the Treasury to increase the grant for the current year if it thinks exceptional circumstances require it, after consulting the Royal Trustees and with House of Commons approval.
  • Define when the Reserve Fund is treated as adjusted for the purposes of deciding whether a grant amount is appropriate.
  • Rename some headings and review provisions in the 2011 Act to reflect the new system.

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Progress

  1. 1st reading · Commons
  2. Allocation of time motion · Commons
  3. 2nd reading · Commons
  4. Committee of the whole House · Commons
  5. 3rd reading · Commons
  6. 1st reading · Lords
  7. 2nd reading · Lords
  8. Committee stage · Lords
  9. Report stage · Lords
  10. 3rd reading · Lords