Hull To Be UK City Of Culture 2017
The UK government chooses a new destination every four years, with the aim of helping tourism and the economy.
Hull council leader Stephen Brady said winning was "a real game-changer".
He added: "It will give Hull a platform to tell the world what this great city has to offer, transform perceptions and accelerate our journey to make Hull a prime visitor destination."
Being City of Culture has brought Derry events like the Turner Prize, BBC Radio 1's Big Weekend and an outdoor theatrical extravaganza written by Frank Cottrell-Boyce - who worked on the London 2012 Olympics Opening Ceremony.
The Hull Truck theatre company moved into a £19m new home in 2009
Ministers created the UK City of Culture title in an attempt to replicate the success of Liverpool's year as the European Capital of Culture in 2008.
However, the winner does not receive direct funding from the UK government.
Culture secretary Maria Miller said Derry's tenure was "encouraging economic growth, inspiring social change and bringing communities together".
Hull's cultural programme will be inspired by the poems of Philip Larkin
"It can produce a wonderful mix of inward investment and civic pride, and I hope Hull's plans will make the most of all that being UK City of Culture can bring," she added.
Hull's most famous cultural figure is Larkin who, while not born there, lived in the city for 30 years and found fame while working as a university librarian.
He produced most of his published poetry while living in the city and Hull's bid is partly inspired by his work.
A statement from Hull City Council said: "Inspired by Larkin's poem Days, the ambition is for each day of Hull 2017 to make a difference to a life in the city, the UK and the world."
The council said it expected the events to bring a £60m boost to the local economy in 2017 alone, as well as a longer-term legacy for the city.
Hull is also home to the Ferens Art Gallery, which broke visitor records with a Da Vinci exhibition last year, and the Hull Truck theatre company, which became a national force in the 1970s and '80s and moved into a new £14.5m home in 2009.
The city's plans for 2017 include an opening ceremony involving theatrical elephants, dancing white phone boxes and four "rivers" of light, people and sound flowing into the city.
The city's annual Freedom Festival will incorporate a special aerial show taking its theme from the last line of Larkin's poem An Arundel Tomb: "What will survive of us is love."
There will also be a stadium sound and light concert that will see lighting designer Durham Marenghi work with 500 dancers on the theme of illusion and fairs.
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