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REGIONS HIT BY DEFENCE DECLINE TO RECEIVE EC PAYOUT

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Regions suffering from the rundown of the defence industry are to receive£15.5m in European Union aid on the condi...
Regions suffering from the rundown of the defence industry are to receive £15.5m in European Union aid on the condition the money is provided for by the end of the year, the Financial Times reports (p9).

Money from both the European Social fund and European Regional Development will be matched by £16m from the government and private funds to retrain personnel and redevelop run down sites.
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