Our Core Investment Fund offers flexible loans and equity investments of between £0.5m and £5m at commercial rates. Applicants need to provide additional funding from the private sector.
The fund has paid out around £165m to more than 90 companies across Greater Manchester. It will create over 8,500 jobs.
This large manufacturer of aerosols and consumer chemicals got funding to support their £5.5m investment in better IT, automation, packaging, infrastructure, marketing and development.
“Our growth plan ensures job security and means we can create up to 100 new jobs", says financial director Simon Tuley. "The GMCA funding is great news for James Briggs and our local suppliers.”
Reality Mine devises technical solutions for collecting consumer behaviour and market reserach data. It estimated that its investment fund money would triple its turnover in 2015.
This textile manufacturer considered taking their business out of Greater Manchester when they couldn’t find affordable space for their expansion. But our investment fund meant they could revive a four-storey mill and create over 140 new jobs.
“Without this funding and GMCA support we wouldn't have been able to expand and grow. Now we can take our business to the next level and create new jobs”, said director Brendan McCormack.
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