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Understanding the Funding of the British Monarchy: An Overview of Financial Sources

The British monarchy is funded through various sources, such as the Civil List and grants-in-aid. Since 1660, nearly 70% of these funds support the Queen's staff and official engagements, distinct from the Prime Minister's role. An allocation from the Department for Culture, Media and Sport pays for the maintenance of 267 properties. The Queen must periodically budget for upkeep and remodeling. Additionally, funding covers royal travel and personal wealth, including the Duchy of Lancaster and Cornwall, leading to an overall estimated income of nearly £100 million annually for the monarchy.

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Understanding the Funding of the British Monarchy: An Overview of Financial Sources

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  1. Funding the Monarchy The Civil List Began in 1660 Nearly 70% pays the Queen’s staff Pays for the Queen’s official engagements (She serves as the official dignitary for the country, not the Prime Minister) 7.9m pounds Property Services Grant-in Aid Allocation from the Department for Culture, Media and Sport Covers maintenance of 267 properties Covers maintenance and utilities for all properties owned by the Windsor Family The Queen must provide each five years a budget for the upkeep and remodeling of the properties 15m pounds

  2. Funding the Monarchy • Royal Travel Grant-in Aid • Helicopter • Railway system • Jet • Any other forms of transportation • This funding is audited by the government • 8m pounds per year • In 2006, the government stopped funding the Queen’s personal travel expenses • Duchy of Lancaster • Land and other investments owned by the Monarchy (Since 1399) • Income from these investments: 8m pounds per year

  3. Funding the Monarchy • The Queen’s Personal Wealth • Her investments and portfolio • Estimated to be 100m pounds • Prince Charles • Duchy of Cornwall (Established in 1377 for the heir to the crown) • Land, investments, and other income opportunities throughout the country • Duke of Edinburgh • Parliamentary allowance • Queen’s siblings also receive an allowance • Nearly 100m pounds

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