Britain’s defence ministry will pledge to channel ￡250mn into spending to rejuvenate the UK local economy as part of a new “defence industrial strategy” to be released on Monday.
Defence secretary John Healey has said the plans will mark a decisive shift towards treating defence as an engine for industrial development as well as national security, and is expected to launch the strategy on a visit to a high tech operation in Bristol.
The ￡250mn will fund five “defence growth deals” across the UK to “unleash the potential of local authorities, businesses and research institutions to support UK defence”, the ministry said on Sunday.
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