Greater Manchester Investment Fund passes £100m milestone

Andy Burnham, Mayor of Greater Manchester

More than £100m has been invested in businesses across Greater Manchester by the Greater Manchester Investment Fund.

The fund has helped create and safeguard more than 6,000 jobs and supported over 100 local businesses since it was established.

Investments have been made in all types of businesses ranging from engineering and manufacturing to digital and software, creating and safeguarding more than 6,000 jobs across Greater Manchester – a figure expected to rise through fund recycling as existing loans are repaid and reinvested in new projects.

Mayor of Greater Manchester, Andy Burnham, said: “This is a remarkable milestone for the Greater Manchester Investment Fund. The fund is an ambitious initiative for our city-region; it is another example of how we do things differently here. Business and industry have always been at the heart of Greater Manchester and as Mayor I feel it is important to help develop newer sectors, such as digital, as well as to nurture our industrial skills.

“This could not have been have been achieved without the hard work of the late Cllr Kieran Quinn. He dedicated himself to improving Greater Manchester and through his diligence firms across our city-region are increasingly looking to the Combined Authority to support their growth plans.

“We will continue to help firms grow and thrive through initiatives like the Greater Manchester Investment Fund, which in turn will help to create jobs and opportunities for people across the city-region.”