Missed this earlier in the month but HMS Caroline, the last survivor from the Battle of Jutland, has been given a grant of £1 million from the National Heritage Memorial Fund (NHMF) for urgent repairs. The cruiser was finally decommissioned in 2011 following decades as a training ship in Belfast (the ship's home since 1924) and static drill ship but its condition has deteriorated and the future of the ship was in question.
The funds will make the ship water and air tight and will remove dangerous materials like asbestos. The next stage is to transform the Caroline into a floating museum, hopefully for the centenary of Jutland in 2016. The Telegraph have a nice photo gallery.