The Sovereign Grant, which pays for the household salaries and official travel expenses of the Royal Family, will increase by eight per cent next year. That works out to a GBP 6-million pound raise, or CDN $10 million.
The grant increase is based on profits from the Crown Estate portfolio, a huge property portfolio worth more than 12 billion pounds.
The Grant is also used to for the upkeep of the Royal palaces, including Buckingham Palace, which is said to be in need of approximately 370 million pounds-worth of repairs.