The second creation was in the Peerage of the United Kingdom in 1812 for Henry Phipps, 3rd Baron Mulgrave.
He was a general in the Army as well as a prominent politician, and notably served as Foreign Secretary from 1805 to 1806 and as First Lord of the Admiralty from 1807 to 1810.
This 2nd Earl of Mulgrave was also a noted politician and served as Lord Lieutenant of Ireland and as Home Secretary.
Sir Charles Phipps, second son of the 1st Earl, was a prominent court official.
Also, Sir William Phipps (or Phips), Governor of Massachusetts, was a member of another branch of the family.