Coventry and Warwickshire development funding announced
- 7 July 2014
- From the section Coventry & Warwickshire
More than £74m of government funding has been awarded to Coventry and Warwickshire to boost the local economy.
Projects include improving access to Coventry rail station and carrying out track and signalling works between Coventry and Nuneaton.
Money has been earmarked to build a site at Ansty Park in Rugby to set up research and development companies.
The grants are part of a £12bn fund to boost local economies across the UK.
There are also plans to give money to Warwickshire College to buy new equipment and refurbish college buildings, and set up a skills centre at Coventry City College.
The money will be released over three years, with £18.2m confirmed for 2015-16.
The government claimed the work would create up to 1,000 jobs, allow more than 1,000 homes to be built and generate up to £30m in public and private investment.