THE first private sector tenant bringing 320 jobs from London to the much-delayed Friargate business park in Coventry has been named as the Financial Ombudsman Service (FOS).
The non-government organisation acts as a regulator to the financial services industry and handles complaints.
A we reported in June 1 when staff were briefed, it will share with Coventry City Council ‘Friargate One’, the one and only tower block on the site next to the train station where ‘up to 15,000 jobs’ have been planned for over a decade.
The council is moving its staff from other offices around the city centre, and changes to the plan will be made to accommodate FOS workers.
Jonathan Browning, chairman of the Coventry and Warwickshire Local Enterprise Partnership, said: “Friargate is a flagship development for Coventry and Warwickshire and to attract a major employer and nationally-renowned body like the Financial Ombudsman Service underlines its potential and sends out a strong message to other companies and organisations looking to locate in the Midlands.
“As an area, we are very well connected, have two well-respected universities and a host of thriving businesses across a wide range of sectors. We are an attractive destination for investors but we know we are competing with other cities across the UK and beyond.”
Labour councillor Jim O’Boyle, cabinet member for jobs and regeneration, told us last week: “Friargate wasn’t moving when I took over as people had envisaged.
“I believed it needed fresh eyes to look at it. It needed someone else in apart from the local authority and that’s what we’re now doing.
“We will be in a position soon to make an announcement about further steps. We had every reason to believe we needed to market Friargate better.”
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