Chinese businesses line up Coventry and Warwickshire for yet more multi-million pound investment

A high-powered delegation from the Far Eastern powerhouse is in the region next week keen to follow-up existing projects

Coventry has been chosen as the only UK destination for a high-powered Chinese business delegation keen to follow-up existing investment by the Far Eastern economic powerhouse in the city.

The Investment Promotion Agency of Chinese Ministry of Commerce (CIPA) is visiting Coventry next week with 29 delegates from companies and government organisations.

The delegation, which is looking for foreign investment opportunities, has chosen Coventry as its only UK location on a tour of Europe.

It is thought Coventry has been chosen on the back of successive Chinese investment in the city.

High profile deals and partnerships include Geely’s investment in the London Taxi Company and Yongtai Group, which took over Covpress in July 2013.

In addition China Red Sun Group recently completed a £300 million investment in Cad Cam.

The visit, organised by UK Trade and Investment in partnership with the Coventry and Warwickshire Growth Hub, will come in the wake of CIPA visits to Italy and Germany.

The delegates are looking to invest or work with UK partners across the transport and engineering sectors.

They are particularly interested in new energy and autonomous vehicle development, universities and research institutes and niche vehicle manufacturers.

A special event for the delegation is being hosted at the Coventry Transport Museum on May 18 but the Chinese visitors will be in Coventry and Warwickshire for three days to fully assess what the region has to offer.

UKTI has a team of advisers based at the Coventry and Warwickshire Chamber of Commerce which helps firms in the region with overseas trade.