Prince Harry and Meghan Markle have reportedly paid back around £2.4million of taxpayer money.
The pair used money from the Sovereign Grant, the U.K. fund set aside for royals that is fueled by taxpayers, to renovate Frogmore Cottage ahead of Archie's birth.
In a statement on Monday, a spokesperson for the Duke and Duchess of Sussex tells PEOPLE that Harry "fully covered" the renovation costs, which were said to be around £2.4million.
"A contribution has been made to the Sovereign Grant by the Duke of Sussex," the statement said. "This contribution as originally offered by Prince Harry has fully covered the necessary renovation costs of Frogmore Cottage, a property of Her Majesty The Queen, and will remain the U.K. residence of the Duke and his family.”
A source revealed to PEOPLE that the pair wanted to ensure that there was no ongoing drain on public monies as they strive to become financially independent.