Simon Kirby, Member of Parliament for Brighton Kemptown & Peacehaven and Economic Secretary to the Treasury welcomed the result of the vote yesterday of 464 votes to 56 to approve the change of percentage in the draft Sovereign Grant Act 2011.
Simon who was Minister responsible at a Delegated Legislation Committee earlier this month welcomed the result of the vote on the Sovereign Grant yesterday.
The Sovereign Grant is the mechanism through which the state gives the Royal family the funding they need to carry out the services they perform on this country’s behalf and to maintain the Royal palaces.
The Royal trustees – the Prime Minister, the Chancellor and the Keeper of the Privy Purse carried out a review of the Sovereign Grant and concluded that it should increase from 15% to 25% of the Crown Estate’s profits two years previously.
That will fund both the Queen’s official duties and the urgent 10-year overhaul of Buckingham Palace.
Simon said, “The order will provide the necessary uplift in funding to safeguard buildings that are part of our heritage and to ensure that our Royal family may continue to perform the services that they undertake for the sake of this country.”