1. ITV Report

£50m grant for HMS Victory

HMS Victory will benefit from a grant to help restoration Photo: Chris Ison/PA

The future of the world's most iconic ship has been secured by a £50m grant. HMS Victory has been handed over to a charity by the MoD and they will now run it as part of a Preservation Trust. The endowment will ensure the vessel remains the centrepiece of the nation's maritime heritage and will secure her future for generations to come. The Second Sea Lord, Vice Admiral Charles Montgomery, said today: "She will be in the hands of an organisation which will look after her unique status and has all the professional experience that her continued and enhanced preservation requires."

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