A big ship, English, with handouts for everybody (8)

I believe the answer is:

largesse

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'handouts for everybody' is the definition.
I can't tell whether this defines the answer.

'a big ship english' is the wordplay.
'a big' becomes 'large' (I've seen this before).
'ship' becomes 'SS' (prefix in ship names eg SS Great Britain).
'english' becomes 'E' (abbreviation).
'large'+'ss'+'e'='LARGESSE'

'with' is the link.

Can you help me to learn more?

(Other definitions for largesse that I've seen before include "Eelgrass (anag.)" , "Generous offering" , "Generous disposal of gifts" , "Money or gifts generously given" , "Generous giving" .)

I've seen this clue in the Evening Standard.

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