The King is in line for a cash boost after partnering with Labour’s new Great British Energy company.
The deal between the publicly owned company and the Crown Estate could leverage £60billion of private investment into the UK’s energy infrastructure The Government said the Crown Estate will also bring ‘long-established expertise to the partnership’, while GB Energy will add ‘critical strategic industrial policy’ and its own ability to invest.
The deal between Labour and the monarchy has been struck in a bid to ‘speed up the transition away from fossil fuels' and towards green energy ‘This innovative partnership between Great British Energy and the Crown Estate is an important step toward our mission for clean energy by 2030, and bringing down energy bills for good.