Sailor on HMS Victory
Media playback is unsupported on your device
Video

HMS Victory given to new Portsmouth charity

The Ministry of Defence (MoD) is to hand over the historic warship HMS Victory to a newly formed charity.

The HMS Victory Preservation Trust has been set up by the National Museum of the Royal Navy, the new custodian of the vessel.

The MoD said it would match a £25m capital grant pledged from another charity to support the new trust.

The 250-year-old vessel is celebrated for being Lord Nelson's flagship in the Battle of Trafalgar in 1805.

  • 06 Mar 2012
Go to next video: HMS Victory restoration begins