This cultural event has been held here since at least the 1970s, long before the Capital of Culture bid and long before the city council thought it was worth advertising on their website. Unlike some of the "Culture of Capitalism" planned events, this one was free and open to everybody; and nearly everybody came along to it!
The Lion and Dragon dancers are provided by the Hung Gar Kung Fu club. See their website for photos of previous Chinese New Year festivals.

 http://lionsroar.name/shaolin_kung_fu.htm