GMCA invests over £3m in Greater Manchester businesses

The funding was sourced from money given back from previously successful business loans and will allow for the creation of more than 260 new jobs.

Kids Allowed – a private nursery and childcare provider – has taken out a loan of £600,000 to open two new sites in Trafford which are expected to create more than 100 jobs.

Cheadle-based company Sitedesk has received a £150,000 loan to create 18 jobs in Stockport over the next three years.

Tailored Fire & Security Group (TFS), which is based in Trafford, has received £1.1m to help create 50 jobs and assist with the expansion of its business on to a new site.

IT company Intechnica has secured a loan of £150,000 to support the creation of 44 new jobs and five new posts for its product development team.

Luxury clothing brand Private White VC has received £1.1m to expand its factory in Salford and create 88 new jobs.

Councillor Kieran Quinn, the lead for investment strategy and finance at GMCA, said: “I’m delighted that the Combined Authority has committed to helping even more local companies expand their businesses and their workforce, expansion which will help both the businesses and their local communities.

“Using recycled funds to help these companies grow highlights how successful our previous investments have been and how Greater Manchester is a great place to live, work and invest.”