A trust set up to promote the cultural life of Coventry following the city's year as UK City of Culture in 2021 has gone into administration putting a £1m council loan at risk.
The Coventry City Council loan to the Coventry City of Culture Trust was aimed at securing the agreed arts and cultural legacy programme through until March 2024.
A council spokesperson said the local authority was ‘disappointed’ at the news that the trust was going into administration and was working with the administrator ‘to secure the best outcome we can.’
The spokesperson added: ‘It is important to remember that so many Coventry people and communities have benefited from the title. The city has also received tens of millions of pounds of additional funding we would not have received without being named UK City of Culture 2021.
‘We will work with partners, including creatives, arts and cultural organisations in the city, to understand what elements of the Trust’s planned legacy programme can be delivered and how we can collectively secure legacy for the city going forward.’
