The Royal Navy is to hand over custodianship of the world’s oldest commissioned warship to the HMS Victory Preservation Trust. The charitable trust has been set-up by the National Museum of the Royal Navy to help fund her upkeep. The move will immediately attract £50 million of investment with the UK MoD matching a £25 million donation from the Gosling Foundation.
Under the transfer agreement, the ship that served Admiral Nelson at the Battle of Trafalgar, will continue to fly the White Ensign. Currently the Flagship of the Second Sea Lord, HMS Victory will later become the Flagship of the First Sea Lord. The transfer is due to come into force on 1 April.
See inside HMS Victory here.