What is the Duchy of Lancaster?
The Duchy of Lancaster is an ancient body responsible for managing an investment portfolio of land, property and financial investments. It also undertakes various administrative duties associated with the area of the historical County Palatine of Lancaster (today, primarily Lancashire, Greater Manchester and Merseyside). The Duchy’s main purpose is to provide income for the Sovereign as Duke of Lancaster, although the Sovereign is not entitled to any of the capital assets of the Duchy. Established over 700 years ago, the Duchy of Lancaster is a body created under Charter.
