King Charles asks for £1bn Crown Estate wind farm profits to be used for ‘public good’

The Independent says The King 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 King receives 25% of the Crown Estate’s annual surplus, which includes an extra 10% 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.

But Charles, who highlighted the cost-of-living crisis in his Christmas message, has requested that the extra funds “be directed for wider public good”, instead of to the Sovereign Grant, at a time when many are facing financial hardship.

https://www.independent.co.uk/climate-change/news/king-charles-wind-farm-crown-b2265073.html