£1m loan approved for Coventry City of Culture group

A programme of events has been planned to continue the legacy impacts of Coventry's UK City of Culture year

The charity responsible for Coventry's UK City of Culture year has been given a £1m loan by the local council.

It said it had been suffering "short-term cash flow" problems.

The trust has promised a number of legacy projects in the city which it previously said could be jeopardised without the loan.

But the opposition Conservative group on Coventry City Council said it was "not exactly enthralled" by the request.

Coventry City of Culture Trust chief executive Martin Sutherland said the Trust had not overspent and promised the loan would be repaid to the Labour-run authority.

He said the shortfall was mainly due to "grants that haven't been paid".

"We're confident we'll raise the funds required to pay this back," he said.

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