[11
SEP 00] COVENTRY
CENTRE FOR INVESTMENT NEWS
Millions Roll Into Coventry
More
than £155 million of investment came into Coventry last year,
according to the organisation responsible for attracting money to the
city.
Coventry
Centre for Investment (CCfI) had aimed to bring £50 million to the
city, but sailed beyond its targets.
The
coffers were swelled by Parcelforce’s move to Baginton Airport,
which brought £100 million in alone.
In
total 23 companies decided to invest in the city.
Nearly
1,500 jobs were created by firms moving into the city, and various
programmes to help companies modernise helped safeguard 1,013
positions.
Changes
in counting the way jobs were saved meant CCfI failed to meet its
target of 2,500.
Over
1,750 businesses were given some form of assistance in the period
1999-2000.
In
a report to Cabinet Member (Development and Renewal) Cllr Dave Batten,
Julie Morton said Coventry is getting a big name for itself all over
the world.
She
said:
“Work
is continuing to raise the profile of Coventry locally, nationally
and internationally which has led to bigger investment projects and
increased activity.
“The
securing of additional resources from the European Commission has
also enabled CCfI to provided more improvement grants, particularly
to manufacturing companies, thus encouraging economic growth and
increased employment.
“Coventry
has been consistently successful at attracting companies to the city
since the mid 1980s.
“A
further 23 companies completed their locations last year including
Parcelforce at Baginton, which generated £100 million alone.”
CCfI
has similar targets for the year ending in March 2001, including the
creation, 1,500 jobs, saving 1,000 more, helping 1,500 businesses,
getting 20 companies to invest at least £50 million in Coventry.
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