Coventry will be the next UK City of Culture, beating Stoke-on-Trent, Swansea, Sunderland and Paisley to the crown.

The announcement last night (7 November) by minister for Arts, Heritage and Tourism John Glen will provide a cultural and economic boost to the city.

One of four shortlisted cities, plus the town of Paisley, Coventry will become the third City of Culture, in 2021, following Derry (Londonderry) in 2013 and Hull in 2017.

The city impressed judges with its focus on youth, diversity and its scale of impact across the UK.

“The title is an incredible opportunity for Coventry to boost investment in the local economy, grow tourism and put arts and culture centre stage,” said Glen.

“In 2017 I have seen the truly transformative effect this prestigious title has had on Hull.

“The city has embraced City of Culture and in doing so has demonstrated how culture, the arts and heritage can bring communities together.

“I look forward to seeing what Coventry has in store in 2021.”

We are UK City of Culture 2021!! #ThisisCoventry #CityofCulture2021 pic.twitter.com/n4H3zOaFc1

— Coventry2021 (@Coventry2021) December 7, 2017

Panel chair Phil Redmond said: “Once again the process has highlighted the depth and strength of culture across the UK.

“That made it difficult choosing a winner, but I would like to congratulate Coventry and I'm sure they will build on the legacy of Derry (Londonderry) and Hull, and bring about a transformational change in 2021.”

The UK City of Culture title was established by the government in 2008 following Liverpool’s successful year as European Capital of Culture.

Hull’s culture programme included a full calendar of art, theatre, music and other events. According to the government, winning the title of UK City of Culture has resulted in a £60m (US$80.9m, €68.9m) economic boost for the city, with more than £1bn (US$1.35bn, €1.15bn) of investment since it was awarded the title in 2013.

The award also comes with a £3m (US$4m, €3.4m) grant from the Heritage Lottery Fund.

The title takes extra significance ahead of Brexit, following the EU’s decision that British cities would no longer be eligible to bid to become European Capital of Culture.