The next few years promise to be an exciting time for the city of Coventry. Fresh from the recent announcement that will see the city crowned as the 2021 city of culture. Coventry fought off competition from Paisley, Stoke-on-Trent, Sunderland and Swansea to take the title. The successful bid will provide a great opportunity to boost the economy, tourism, and access to the arts in the local area. The prestigious title will also bring Coventry to the forefront of the UK, joining other well-known cities such as London, Birmingham and Liverpool.
Most importantly for the people and businesses of Coventry, the new title brings significant investment, with the city of culture receiving multiple grants and additional government funding.
The long term effects of the title are yet to be seen, however previous winners such as Hull have benefitted from increased tourism and an overall change in perception of the city. Past winners of the city of culture have gone on to host major events and enjoy economic boosts.
Coventry is currently enjoying a major upturn in opportunities, with many businesses expanding. It was recently announced that the city would be the new hub for The National Battery Manufacturing Development Facility bringing with it £80 million in government investment. The new facility once again shows Coventrys established status as one of the worlds top automotive and manufacturing cities.
Other Coventry businesses such as the Coventry Building Society are also benefitting from rapid growth that has resulted in the firm searching for up to 40 new employees. A long standing Coventry establishment, the building society are proud to be named one of the Sunday Times Best 100 Companies to Work For.
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