By Mark Kleinman - Sky News - The Government will next week commit hundreds of millions of pounds of public money to Britain's aerospace industry as it attempts to accelerate the rebalancing of the flagging economy.
I understand that Nick Clegg, the Deputy Prime Minister, will make the pledge on March 18, 2013, when he unveils the latest phase of the Aerospace Growth Partnership (AGP).
Similar to initiatives already launched in the automotive and defence industries, the AGP will involve money committed by the major companies in the sector - including Airbus, Bombardier and Rolls-Royce - being match-funded by the Government.
Insiders said on Saturday that the total funding under the AGP could reach £1bn within a few years.
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