Despite £100m cost overruns, a new Royal Navy frigate expected to be operational in a year
The exact cost overrun will become more apparent during the upcoming financial year, as the design activities are finalized and the construction of the first ship nears completion. According to Mr. Lockwood, everything is progressing smoothly to deliver the first warship next year. HMS Venturer, the first Type 31 frigate, is expected to be structurally …