Lymington Harbour is a Trust Port, an independent statutory body run for the benefit of stakeholders and the local community.
Lymington Harbour Commission (LHC) aims to run the harbour in accordance with standards and practices set out in the Department for Transport’s document Modernising Trust Ports (MTP) Second Edition.
MTP states that "a trust port is a valuable asset presently safeguarded by the existing board, whose duty it is to hand it on in the same or better condition to succeeding generations."
MTP sets out LHC’s commercial accountability. It stresses the importance of monitoring performance and consultation with stakeholders, and sets out a management framework and standards compatible with good governance.
Finally, it publishes a framework setting out the guiding principles for appointment to the Board of Commissioners. and the standards to which the Board should adhere.