October 1st, 2016

Coventry gets Euro cash windfall

Coventry gets Euro cash windfall Coventry gets Euro cash windfall
Updated: 4:38 pm, May 07, 2015

PLANS for the continued regeneration of the city centre have been given a boost with the awarding of further European Funding.

The City Council has secured a further £7.5million grant from the European Regional Development Fund (ERDF) which will be used to fund improvements to pedestrian access to the City Centre and public spaces in the City Centre.

Additional funding will be provided through two Government funds (Growing Places and Growth Deal), along with contributions from the Coventry Investment Fund (CIF), The Coventry & Warwickshire Local Enterprise Partnership (CWLEP) and over £3.5million private sector investment, all of which will help maximise the package of improvements to be delivered over the next 18 months.

The funding will enable the City Council to carry out further improvement works in several places throughout the city centre and surrounding areas including Broadgate/Hertford Street, Gosford Street, Belgrade Plaza, Junction One – which includes a new pedestrian crossing to replace the existing Canal Basin bridge – and Lidice Place.

The work in these areas will add to the recently implemented improvements at Council House Square and in High Street which were also funded by ERDF grant investment.

Coun Rachel Lancaster, cabinet Member for Public services said: “The additional funding for these projects ensures we are able to both regenerate these sites and enable us to link up the work that has already taken place in the city centre – a city centre that now looks and feels so much more vibrant and visitor friendly.”

To date, Coventry City Council has been awarded almost £19million of ERDF grant investment for city centre public realm improvements.

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