Coventry has long been an economic powerhouse in Great Britain, and despite recent setbacks, it is poised to revive its legacy of financial success. As the UK's most important centre for large-scale automotive and aeronautical production, it was heavily bombed during WWII. While the local manufacturing industry never fully recovered, the city's economy is still driven by automobile and aircraft development. Much recruitment activity in the area surrounds this sector.
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Nowadays, large-scale vehicle production in Coventry has been replaced by a focus on R&D, prototyping, testing and design. Jaguar Land Rover has its Global HQ and an Advanced Design and Engineering Centre in the Whitley area of the city, and the Universities of Warwick and Coventry are both worldwide leaders in transport technology. The newly completed £70m International Automotive Research Centre at Warwick University has attracted business interests and experts from around the world. This is all great news for candidates looking to get hired in the Vehicular Engineering Industry.
In Coventry's fast-growing aerospace sector, more than 100 businesses provide 5000 jobs and generate an annual turnover of £750m. Top employers in the industry include Rolls-Royce (in Ansty), Meggitt Aircraft Braking Systems (near Foleshill), and Chinn Engineering (in Exhall). The public sector is a large sector for employment locally, and Coventry City Council provides permanent jobs for thousands of staff.
Yet Coventry's economic future will no doubt be shaped by the enormous £9.3 billion regeneration initiative currently underway, which will give rise to world-class housing developments, leisure facilities, and business and retail developments. Retail currently provides about 22% of local jobs, but recruitment agencies expect this percentage to rise dramatically in coming years.