Cash boost for Coventry and Warwickshire projects

Three big projects in Coventry and Warwickshire will be boosted by a cash sum of over £21 million through the Local Enterprise Partnership.

The CW LEP has been granted about £24.4 million from the Government’s Regional Growth Fund, which has now been approved and is ready to spend.

The cash will be allocated to three areas – access to finance, support for strategic companies and for help with infrastructure and large projects.

Three key projects have been picked to get funding. The Friargate scheme planned for the area around Coventry Station will receive £12.7 million; Junction 12 of the M40 will get £3 million, while an extra £6 million will be given for road transport upgrades north of Jaguar’s global headquarters.