The marina is managed and owned by Marina Developments Limited (MDL), a division of British-based Yattendon Investment Trust. The area, formerly used for commercial ships, offers 375 berths and the basin is deep enough to provide mooring facilities for tall ships and large yachts. The Global Challenge yacht races started from here in 1992, 1996 and 2000, and the Clipper Round the World Yacht Race set sail from here in 2011. Ocean Village was also the base for the Royal Southampton Yacht Club until 2018.