£12m funding for City of Culture, Light Rail project and Ricoh Arena

Coventry has been awarded almost £12m to fund projects which can be started quickly and completed within 18 months, creating jobs and driving investment.

Coventry is to benefit from almost £12 million in Government funding towards a number of ‘shovel ready’ projects.

The money from the Government’s Getting Building Fund is aimed at projects which can be started quickly and completed within 18 months, creating jobs and driving investment to aid the economic recovery following the coronavirus lockdown.

The entire region is to benefit from a total of £66 million in funding, expected to create about 2,110 new jobs, as well as support 1,419 construction jobs during development.

The projects in Coventry include £6 million towards Coventry City of Culture to support various initiatives to make the most of the opportunities presented by 2021 – including the creation of a new heritage park.

Coventry’s Very Light Rail project is set to receive £1.8 million towards further research, planning and construction.

The city’s leading sports venue, the Ricoh Arena, will be awarded £3.9 million to improve its facilities as part of the Commonwealth Games legacy scheme.

Andy Street, the Mayor of the West Midlands, said it is “great to see the Government putting further cash on the table to help aid our recovery.”

Martin Sutherland, chief executive of the Coventry City of Culture Trust, commented: “The announcement today about the £12 million of funding for capital and building projects across Coventry is excellent news for the city.

“We are delighted that we have also been awarded a grant to help us realise our ambitions for a new digital immersive gallery. There is still some work to be done on the project, but this is a very important next step to support the delivery of a new visitor attraction for the city and region.

“Many of our partners have also received support from the Government’s Get Building Fund; we are confident that this will help the city attract further investment, create new jobs and make the most of the opportunities that being UK City of Culture presents.

“We want to thank our partners including CWLEP, Coventry City Council and WMCA for their work to secure this investment for the city. It really has reaped very positive rewards for Coventry.”