The research vessel Prince Madog is owned by a joint venture company, VT Ocean Sciences. Operational arrangements are a matter for the company.
The Natural Environment Research Council (NERC) awarded one £2.8 million Joint Infrastructure Funding (JIF) grant in 1999 to contribute to the capital cost of the research vessel Prince Madog. NERC has not provided any other capital funding and there is no planned capital funding for the vessel.