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business investment and jobs

David Cockroft, Assistant Director: City Centre and Development Services

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about Coventry

Coventry compared with:

– West Midlands 5% up but with:

– England 14% down

– Peterborough 24% down

nb Warwickshire is better than Coventry but still worse than England

the challenge – GVA per head….

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….a city of the future…

• the public and private sectors working collaboratively

• supporting networks and forums

• supporting individual business

• attracting funding and projects

our approach….

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a city of the future…..

business grants and loans….

ERDF Grants to SMEs £2.1m up to £100k

ERDF Start up grants £84k up to £2k

Growing Places

All businesses £4.8m applications being reviewed

Growing Places

Small businesses £1m about to launch

RGF3 All businessesMajor developments

£1m£22m

about to launchfinalising details

RGF4 All businesses £5m with BIS

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about Coventry

• 8000 people employed in C&Ws 16 largest energy and resource companies

• 2nd largest industrial sector • renewable energy companies created at least 300

brand new jobs in last 2 years• 4000 homes have been provided with energy

saving measures in last 18 months –value of work c£22m

energy sector…. 1

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about Coventry

• re-setting the LEP agenda and raising profile of energy sector

• current DECC project providing opportunities and helping format new public private sector initiatives

• ECO should provide £20m plus of local activity• Green Bridge may help RETA members too - new

£25m RGF fund

energy sector…. 2

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a city of the future…..

Thank you

David CockroftApril 2013