Economy Coventry

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coventry s skyline (view footbridge on railway central 6 shopping centre). 3 spires are: holy trinity (left), remaining spire of ruined (bombed) cathedral , remaining spire of ruined christ church (right).


historically coventry important seat of ribbon-making in uk. in industry competed locally norwich , leicester , internationally st etienne in france.


coventry has been centre of motor , cycle manufacturing 1896. starting coventry motette, great horseless carriage company, swift motor company, humber, hillman, riley, francis-barnett , daimler , triumph motorcycle having origins in 1902 in coventry factory. massey-ferguson tractor factory situated on banner lane, tile hill, until closed in late 1990s. although motor industry has declined point of extinction, jaguar company has retained corporate headquarters in city (at whitley) , advanced r&d team @ university of warwick, , peugeot still have large parts centre in humber road. famous london black cab taxis produced in coventry lti , these vehicles still wholly built in coventry.


the manufacture of machine tools once major industry in coventry. alfred herbert ltd became 1 of largest machine tool companies in world. in later years company faced competition foreign machine tool builders , ceased trading in 1983. other coventry machine tool manufacturers included a. c. wickman, , webster & bennett. last coventry machine tool manufacturer matrix churchill forced close in wake of iraqi supergun (project babylon) scandal.


coventry s main industries include: cars, electronic equipment, machine tools, agricultural machinery, man-made fibres, aerospace components , telecommunications equipment. in recent years, city has moved away manufacturing industries towards business services, finance, research, design , development, creative industries logistics , leisure.


this chart of trend of regional gross value added of coventry @ current basic prices office national statistics figures in millions of british pounds sterling:



notes:




^ regional gross value added (pp. 240–253) (pdf). office national statistics (uk). archived original (pdf) on 3 march 2005. 






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