The announcement was made in Hull - the current UK City of Culture, which is nearing the end of its year-long celebration.
The competition is held every four years, with Derry-Londonderry named as the first winner in 2013.
Despite being pelted by bombs during World War II, the city has managed to sustain a rich cultural heritage.
Claims to fame include being the place where the jet engine was invented; the centre of the motoring industry, and the location of world-famous watch manufacturers Rotherham & Sons.
Famous sons and daughters include the poet Philip Larkin, author Lee Child, The Specials, and pioneering musician Delia Derbyshire, best-known for creating the Doctor Who theme tune.