The lifeboat has been funded by a gift left in the will of Richard Coleman and administered by his friend Tony Vlasto and the RNLI City of London Committee.

Richard was a keen yachtsman and made many significant solo voyages on his 18ft Hillyard designed and built sloop, DECIBEL.

He also served in the Royal Navy and had a profound appreciation of the valuable work of the RNLI.

A Falmouth RNLI spokesperson said: "Thanks to his great generosity, this lifeboat will allow our volunteer crews to continue saving lives at sea for many years into the future."