Coastguard Rescue 175 was scrambled from Lee-on-Solent shortly before 10:45 this morning and at the same time, the volunteer crew of Yarmouth RNLI were mustered to launch the All Weather Lifeboat.
HM Coastguard tasked the search and rescue assets to a point around 5 miles South West of The Needles following the discovery of a body in the water.
While the body is yet to be formally identified, it is believed to be that of Daniel Peay who went missing from neighbouring Dorset on Tuesday. His family has been informed and are being supported by officers.
The death is not being treated as suspicious.
Chief Inspector Steve Yeoman, of Dorset Police, said:
“Our thoughts are with Daniel’s family and friends at this very difficult time.
“We would like to thank everyone who assisted with searches, including HM Coastguard and the RNLI, and those who shared our appeal.”
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Yarmouth Lifeboat made best speed back to the harbour, arriving at just gone 11:30.