- 1 update
HMS Victory's future has been secured by a £5m donation from the government today.
Culture Secretary Maria Miller announced that the government will award the money, in addition to the £25m donation last year to the National Museum of the Royal Navy.
The government's donation is part of the Catalyst Endowment Initiative - a joint programme between the Department for Culture, Media and Sport, Arts Council England and the Heritage Lottery Fund.
The Initiative has so far raised over £24m from private donations with the government providing match-funding of £11m.
The culture secretary said: "This is a fantastic result for HMS Victory. Demand for Catalyst endowment grants has exceeded all forecasts, and the match funding provided by my Department, the Heritage Lottery Fund and Arts Council England has encouraged donors to come forward."