Regeneration opportunities
While there is still intense international competition from countries including the USA and the EU in securing new Foreign Direct Investment in key sectors, positive progress continues to be made with the Coventry & Warwick Gigapark Investment Zone site.
Twenty-three million pounds of capital funding has been approved to deliver an enhanced power supply to make the proposed West Midlands Gigafactory site development ready to go and confirmed tax relief incentives and updated marketing collateral should incentivise investors in Electric Vehicles, batteries and associated advanced manufacturing supply chains.
Regeneration work continues around the city, with preparation work underway and construction work due to start in Summer 2025 for the City Centre South scheme. The £400m+ scheme will transform the south side of Coventry city centre, with new homes, retail and restaurants, along with fantastic new public spaces.
The Council also continues to promote Two Friargate, with occupation levels continuing to increase. The Council is preparing to attend at UKREiiF (the UK’s Real Estate Investment & Infrastructure Forum) in May 2025 and build on last year’s launch of the city’s Investment Prospectus to further promote the city’s development sites to investors, developers and property professionals.
