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London (CNB News) – Prince Harry and Meghan will no longer use their HRH titles and will not receive public funds for royal duties, after announcing they would step back from their roles as senior members of the royal family, Buckingham Palace has said.

The couple will also repay the Sovereign Grant funds they recently spent to renovate their official residence, Frogmore Cottage £2.4 million (about $3 million) of British taxpayers’ money, according to figures released last year.

The couple will also no longer formally represent The Queen. The new arrangement will come into effect in spring this year.

A statement from the Queen said following “many months of conversations and more recent discussions” she was “pleased that together we have found a constructive and supportive way forward for my grandson and his family”.

“Harry, Meghan and Archie will always be much loved members of my family,” the statement continued.

“I recognise the challenges they have experienced as a result of intense scrutiny over the last two years and support their wish for a more independent life. “I want to thank them for all their dedicated work across this country, the Commonwealth and beyond, and am particularly proud of how Meghan has so quickly become one of the family. “It is my whole family’s hope that today’s agreement allows them to start building a happy and peaceful new life.”

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