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Coventry City Council, Shearer Property Group Limited and Hill Holdings Limited

  • The value of the subsidy is £37.25 million. The purpose of the subsidy was to redevelop Coventry City Centre South.
  • Our key takeaway is:
    • Ensure to consider the additionality requirement (defined in paragraphs 3.49-3.53) in detail. This means assessing whether the funding is being used to finance a project or activity which the beneficiary would have undertaken in any event in a similar form, manner any timeframe without the subsidy. Detailed evidence must be collected to ensure this is not the case.

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