Buckingham Palace £369 Million Renovation Enters Final Year

Buckingham Palace's decade-long reservicing programme, authorized at £369 million, approaches completion in 2026-27, replacing post-war-era electrical, heating, and plumbing systems. The Palace remained fully operational throughout construction, with state rooms and offices handed back as work progressed. The Household projects long-term maintenance savings and reduced energy consumption. Parliament and Treasury now face a larger question: whether the Sovereign Grant funding formula requires recalibration once the reservicing uplift concludes.