The Office of the Prime Minister, No 10, announced on 30 May that a proposed national flagship will showcase advanced British design, engineering and green technology while boosting trade and driving investment.
It was reported that the ship will be the first of its kind constructed in the UK, creating jobs and reinvigorating the shipbuilding industry.
Once built, the flagship will host trade events and promote UK interests around the world. British businesses will be given a new global platform to promote their products through a new national flagship announced by the Prime Minister on 30 May.
The ship will be the first national flagship since 1997 when the HMY Britannia (pictured) was decommissioned.