The Advisory Committee on Historic Wreck Sites advised the Department for Culture, Media and Sport that because of its historic significance the site was a strong candidate for designation.
Under the Protection of Wrecks Act 1973, the Secretary of State has the power to designate wreck sites which are considered worthy of protection from unauthorised interference on account of their archaeological, historical or artistic importance.
Once such a site has been designated, it is a criminal offence for a person to interfere with it except under the authority of a licence.
Bob Mealings, Curator of the Royal Navy Submarine Museum in Portsmouth, told the 24 Hour Museum that alongside its predecessors Holland no.5 occupies a significant position in the modern history of submarine craft.
The Holland series of prototypes, he said, "represent a culmination of advances throughout the late 19th century, based on the designs of John Holland."
Irish American inventor John Holland discovered a way to combine electric power and the internal combustion engine to create underwater propulsion and sold his designs to many of the world's navies, including the United States of America.