This year, permission has been granted for a £93.8m scheme to transform Upper Precinct (£11.8m) and Coventry railway station (£82m). £30m of the funding for both schemes are from the Local Growth Fund.
Coventry rail station is one of the fastest growing stations outside London. The £82.3m Coventry station masterplan is funded by the CWLEP, WMCA, Department of Transport, and others. Phase one of the development is under way with the construction of a new footbridge, canopies, and an access tunnel under Warwick Road. The contract for phase two was recently awarded to Buckingham Group, and this will bring a new station concourse that links to Warwick Road and all platforms, a new pedestrian route via the tunnel under Warwick Road to the new bus interchange, and an additional multi-storey car park.
Hourly train services running between Coventry, Kenilworth, and Leamington Spa were introduced in April 2018 following the re-opening of Kenilworth train station. By popular demand, the one-carriage service expanded to two carriages in May 2019, with services extending past Coventry to Nuneaton, calling at Coventry Arena, Bedworth, and Bermuda Park.
CityFibre is rolling out full fibre broadband offering ultrafast gigabit broadband to over 5 million addresses in the country. In Coventry, households in Old Church Road and Gayer Street are now connected to gigabit broadband from Vodafone; with roll-out to Longford and Bell Green next.
Gigabit broadband will help the city meet its smart city, smart energy and intelligent transport systems ambitions. Regeneris, an economic consultancy, estimated that the full fibre connectivity could increase values of local homes by £101m in the next 15 years.