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New royal yacht HMS Prince Philip ‘gets go-ahead for £200,000,000’

The HMS Prince Philip could cost £200 million (Picture:PA/EPA)

Boris Johnson is set to approve a new £200 million national flagship in honour of the late Duke of Edinburgh. 

The ‘HMS Prince Philip’ will be announced within weeks and will be tasked with boosting British trade, The Telegraph reported.

The Royal Navy vessel would reportedly promote British businesses overseas by mooring near international trade fairs, as well as hosting trade negotiations.

The price tag was said to be as high as £200 million, a figure Downing Street did not rule out.

A No 10 spokeswoman said: ‘The Prime Minister has an exciting vision for shipbuilding in this country and is committed to making the UK a shipbuilding superpower.

‘We are always looking for new ways to promote Global Britain around the world, driving investment back to the UK and delivering value for money for the British people.’

File photo dated 26/12/49 of The Duke of Edinburgh and Captain John Edwin Home McBeath DSO, DSC, RN (left), pose with Queen Elizabeth II for a photograph on HMS Chequers, during the Boxing Day visit to the destroyer that the Duke is currently serving on. Philip joined the Navy after leaving school and in May 1939 enrolled at the Royal Naval College in Dartmouth, where he was singled out as best cadet. He rose rapidly through the ranks, earning promotion after promotion, but his life was to take a very different course. The duke?s flourishing naval career came to a premature end in 1951. Philip stepped down from his active role in the forces to fulfil his duty as consort. Issue date: Friday April 4, 2021. PA Photo. Had the Duke of Edinburgh not become the Queen?s husband, some believe he would have been First Sea Lord ? the professional head of the Royal Navy. See PA story ROYAL Philip Navy. Photo credit should read: PA/PA Wire

(R-L) The Duke of Edinburgh, The Queen and Captain John Edwin Home McBeath in 1949 (PA)
The Queen and the Duke of Edinburgh in 2014 (PA)

Tory MP Craig Mckinlay, who released a joint letter signed by fellow MPs and peers in favour of the new ship, said he was ‘overjoyed’ to hear it may be getting built.

He said: ‘A new national flagship proudly bearing the name of Prince Philip can be no better memorial to this much-loved and respected man.

‘I am delighted that the years of effort to prove to ministers the value of such a vessel to our country’s global brand is now on the brink of becoming reality.’

HMS Prince Philip would succeed HMY Britannia, which stopped operating in 1997.  

Philip served in the Royal Navy during the Second World War.

He was also Lord High Admiral from 2011 until his death last month. 

The Duke of Edinburgh’s funeral honoured his love of the sea with maritime-themed hymns, Bible verses and prayers.

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