The 10 foot bronze of Mr Reagan will be positioned on a pedestal close to the American Embassy in London, and stand alongside two other 20th Century US leaders, Dwight Eisenhower and Franklin D Roosevelt. The US Embassy is moving to a new location next year, but the statues will remain in Mayfair.
To be created by Chas Fagan, who created Mr Reagan's likeness in the US Congress' Capitol Rotunda.
