The three Invincible-class battlecruisers were built for the Royal Navy and entered service in 1908 as the world's first battlecruisers. They were the brainchild of Admiral Sir John ("Jacky") Fisher, the man who had sponsored the construction of the world's first "all-big-gun" warship, HMS Dreadnought. He visualised a new breed of warship, somewhere between the armoured cruiser and battleship; it would have the armament of the latter, but the high speed of the former. This combination would allow it to chase down most ships, while allowing it to run from more powerful designs.

The battlecruiser was a type of capital ship of the first half of the 20th century. These were similar in displacement, armament and cost to battleships, but differed in form and balance of attributes. Battlecruisers typically had thinner armour and a somewhat lighter main gun battery than contemporary battleships, installed on a longer hull with much higher engine power in order to attain greater speeds. The first battlecruisers were designed in the United Kingdom, as a development of the armoured cruiser, at the same time as the dreadnought succeeded the pre-dreadnought battleship. The goal of the design was to outrun any ship with similar armament, and chase down any ship with lesser armament; they were intended to hunt down slower, older armoured cruisers and destroy them with heavy gunfire while avoiding combat with the more powerful but slower battleships. However, as more and more battlecruisers were built, they were increasingly used alongside the better-protected battleships.