The Royal Family spent £64m on Buckingham Palace renovations last year

The Royal Family spent £64m on Buckingham Palace renovations last year

Related video: Monarch makes appearance on Buckingham palace balcony during Platinum Jubilee


As if the Queen’s Platinum Jubilee celebrations weren’t enough to get some people questioning our decision to splash some cash on the Royals amid a cost of living crisis, it’s now been revealed that the Royal Family spent £64 million on improvements to Buckingham Palace last year.

Back in 2011, the Sovereign Grant Act passed and set out the public money paid to the Queen each year to enable her to “discharge her duties as Head of State”.

UK Government guidance on the Sovereign Grant reads: “[The grant] meets the central staff costs and running expenses of Her Majesty’s official household – including official receptions, investitures and garden parties.

“It also covers maintenance of the Royal Palaces in England and the cost of travel to carry out royal engagements such as opening buildings and other royal visits.

“In exchange for this public support, The Queen surrenders the revenue from The Crown Estate to the government. Over the last 10 years, the revenue paid to the exchequer is £3 billion for public spending.”

For 2021-22, the grant came to £86.3 million, which Buckingham Palace said is “equivalent to £1.29 per person in the UK”.

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We get that this is the Royals trying to make it sound like that isn’t much for each UK citizen to part with, but that’s still enough for us to buy at least a single, delicious Freddo, you monsters.

The financial summary for 2021-22 revealed that £63.9 million was spent on “property maintenance”, with “significant” reservicing and maintenance work carried out on Buckingham Palace’s West Wing.

It’s part of a ten-year reservicing of the household, which involves a “major overhaul of essential building services including electrical wiring, pipework, boilers and generators”.

The work this previous financial year included improvements to the Grand Entrance, Grand Staircase, Minister’s Stairs, Marble Hall and the Picture Gallery – apparently.

Sir Michael Stevens, keeper of the Privy Purse, commented the 2021-22 financial year “was not without operational and financial challenges”.

He said: “The impact of Covid meant that major events such as Maundy, Garter, and Garden Parties were absent from the calendar. The pandemic also meant we had another year in which access to the Royal Palaces was restricted for The Royal Collection Trust, which once again affected our ability to help self-finance our work on behalf of the nation.

“While the Reservicing Programme continued to be carefully managed to match projected funding, there was a significant increase in work against a hard deadline to enable Buckingham Palace to be at the centre of the Platinum Jubilee celebrations. On all fronts we were pleased to deliver against our plans.”

Elsewhere, a breakdown of royal visits and journeys revealed the most expensive was the Duke and Duchess of Cambridge’s Platinum Jubilee tour of Belie, Jamaica and The Bahamas, coming in at £226,383.

Money well spent, if you ask us - considering the visit was marred by protests, with demonstrators calling on the monarchy to pay reparations for slavery.


Some Twitter users have been critical of the monarchy’s spending:

While others have appreciated the transparency:

As for the future of the grant, Sir Michael added that the sum is “likely to be flat in the next couple of years”.

Interesting choice of words, really, as we’re sure many people would rather the Queen live in a flat rather than in a fancy palace funded by the taxpayer…

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