West Midlands Combined Authority (WMCA) has approved £98.8M in funding for a city centre development in Coventry, UK.
The funding approval gives Coventry City Council the green light to deliver the City Centre South project.
Plans for the retail, residential and leisure project, first discussed in 2011, include an anchor store, new homes and a cinema.
Coventry City Council leader George Duggins said: “I'm delighted that the combined authority has approved a £98.8M investment for the redevelopment of our city centre. We've got ambitious and exciting plans for City Centre South, which will include new shops, a cinema, homes and a new car park that will transform the area around Bull Yard, Shelton Square and Market Way.”
WMCA’s chair Bob Sleigh said: “This is a great example of how our devolution deal is beginning to have a real impact — and this funding would not be available without the combined authority.
“Yes we are here to set policy — but we are also here to make a difference to people’s lives in ways they can see and feel, with more jobs, a growing economy and better quality of life.”