The Grey baronetcy of Fallodon in the County of Northumberland was created in the Baronetage of the United Kingdom on 29 July 1814 for the Hon.

George Grey,[2] Captain R.N., 1767–1828, Commissioner of Portsmouth Dockyard.

He was the third son of the 1st Earl Grey.

The latter was raised to the Peerage of the United Kingdom as Viscount Grey of Fallodon, in the County of Northumberland, in 1916; this title became extinct on his death in 1933.

The heir is the present holder's son, Thomas Jasper Grey (born 1998).