One of Britain's wealthiest men has vowed to do "whatever it takes" to bring UKIP European election victory next year in a blow to the Conservative Party.
Paul Sykes, a Eurosceptic tycoon who has been estimated to be worth £650m, was formerly a Tory backer but is promising to bankroll Nigel Farage's UKIP campaign.
Mr Sykes, a veteran of the keep the pound campaign 15 years ago, reportedly donated £1.5m to UKIP's 2004 European election campaign.
His intervention will increase fears among the Conservatives that the rise of UKIP will prevent them from wining a majority at the next General Election.
Mr Skyes' backing in 2004 helped UKIP quadruple its number of seats from three to 12.
UKIP leader Nigel Farage has welcomed Mr Sykes' support In a statement Mr Skyes said: "I believe we have one last chance to stop the gradual erosion of our national independence. And that chance comes with the European elections.
"If, as I hope and believe, Ukip score a stunning national victory, then the leaders of the other main parties will have no choice but to abandon their slavish support for the EU.
"Nigel Farage and Ukip are the last best hope for Britain. I am prepared to do whatever it takes to propel them to victory next year."
Mr Farage said: "Paul Sykes has a long record of defending British democracy.
"His involvement in this campaign is a significant boost for UKIP and will help us to cause our intended earthquake in British politics in the European Elections next May."
Mr Sykes was a strong supporter and backer of the Conservatives under Margaret Thatcher in the 1980s but broke with the party in 1991 over John Major's stance on Europe.
UKIP returned a strong performance in 2004 He went on to selectively fund individual eurosceptic candidates in the 1997 General Election.
Mr Skyes said that he hoped UKIP election success would force the other parties to listen to calls for an early referendum on Britain's membership of the EU.
He said: "So far they have stubbornly refused to listen. Maybe a comprehensive thrashing at the polls will bring them to their senses. Far better would be to accelerate the whole process and have that in/out referendum on the day of the general election in 2015."
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