King Charles has asked for profits from a £1 billion-a-year Crown Estate wind farm deal to be used for the "wider public good" rather than as a funding boost for the monarchy.
Under the taxpayer-funded Sovereign Grant, which is currently £86.3 million a year, the monarch receives 25 per cent of the Crown Estate’s annual surplus, which includes an extra 10 per cent for the refurbishment of Buckingham Palace.
Six new offshore wind energy lease agreements, announced by the Crown Estate on Thursday, have generated a major windfall for the Estate, which would usually lead to a jump in the monarchy’s official funding.
