Errors and 'incompetence' caused City of Culture collapse
A series of costly accounting errors had a major role in the collapse of the charity that ran Coventry City of Culture, a 麻豆社 investigation has found.
The mistakes by staff at Coventry City of Culture Trust, which were blamed on "incompetence" during internal meetings, left a 拢1m hole in its budget and triggered a financial crisis that led to its demise.
The trust went into administration in 2023, months after it had borrowed 拢1m of public funds from the city council to plug the gap.
At the time, bosses publicly said the loan was needed for "short-term" funding issues, but documents released to the 麻豆社 show behind the scenes it was admitted "human error" and a "failure of governance" had causes significant problems.
麻豆社 CWR's Breakfast Presenter Phil Upton spoke with reporter Josh Nevitt who has covered this story.
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