A source said: “He will earn money from each deal SBC secures from his Pitch@Palace work and the windfall will help enable him to hold on to Royal Lodge.
A Palace source said: “Buckingham Palace officials have neither reviewed nor approved the details of any financial arrangements between the Duke or his advisers and any third party.”.
Scandal-hit Andrew had stepped away from the Pitch@Palace scheme, which matched entrepreneurs with investors, after his “car crash” Newsnight interview over links to dead paedophile Jeffrey Epstein.
Officials from SBC pitched the idea to Buckingham Palace officials last summer before the deal with Andrew was agreed.
The disgraced Duke of York has come to a commercial agreement with Dutch-based firm Startupbootcamp to use contacts he made from his Pitch@Palace initiative.
