The change follows an investigation into the prince's duchy and the the King's Duchy of Lancaster estate, which found they had secured rental agreements worth millions of pounds from public bodies.

Accounts released on Monday showed the Duchy generated profits of nearly £23 million, which William receives as his annual private income.

Prince William is the 25th Duke of Cornwall and became entitled to the duchy’s profits when he became heir to the throne. The Duchy of Lancaster is yet to release its annual records.

The Duchy of Lancaster, which belongs to the King and the Prince of Wales, will reportedly “actively review” its rental agreements after facing backlash for charging rent to the NHS and other ...

The Government said the reforms would mean there were ‘stronger rules, fewer quangos and clearer lines of accountability’.

King Charles’ estates could be set for a major overhaul after receiving criticism, it has been revealed. The Duchy of Lancaster estate, which is owned by His Majesty and provides the monarch ...

William’s duchy, which provides him with a private income of nearly £23 million a year, has launched a policy review of the rents it receives from charities and grassroots community groups.

The royal family’s three main sources of income are the Sovereign Grant, the Duchy of Lancaster and Duchy of Cornwall estates and their personal property and investments.

The next stage will be to appoint a sculptor and decide on the designs of the statues. Duchy of Lancaster chancellor Pat McFadden said: “Queen Elizabeth II was admired around the globe.