GC Business Finance and River Capital have supported Northern businesses with over £1.7 million in smaller loans funding in the first year of the Northern Powerhouse Investment Fund II (NPIF II). Since the launch of the fund in April 2024, the consortium has supported 32 businesses across the … [Read more...]
News for: Northern Powerhouse
Government invited to back Northern Arc investment plans
Mayor of Greater Manchester, Andy Burnham, has called on government to back local leaders' plans for a new Northern Arc of investment in cities in the North. Mr Burnham will meet with Treasury ministers on 29th April to set out the Northern Arc vision to rebalance historic underinvestment in the … [Read more...]
Northern businesses secure £80 million in NPIF II funding in first year since launch
In its first year since launching, the Northern Powerhouse Investment Fund II (NPIF II) has successfully completed over 200 investments into small businesses across the North of England. Operated by the British Business Bank, NPIF II is a £660 million fund that provides loans and equity finance … [Read more...]
City-region poised to take greater control over finances
Greater Manchester is set to become the first UK city-region, alongside the West Midlands, to be allocated an integrated settlement from Government that will give the city-region greater powers over its finances and local spending. The settlement is part of Greater Manchester's trailblazer … [Read more...]
Greater Manchester sets out ambitions for new MDCs following Stockport successes
Greater Manchester is looking to establish two additional Mayoral Development Corporations (MDCs) to support major regeneration projects in the city-region. Plans have been set out for a new Northern Gateway MDC to bring forward development of 1.2 million square metres of employment space and … [Read more...]
Greater Manchester leaders pitch for investment at international property conference
Greater Manchester leaders have used their platform at international property conference, MIPIM, to pitch the city-region's growth plans and attract investment. City-region leaders met global investors at the annual MIPIM conference in Cannes, France, to make the case for how investment in new … [Read more...]
Liverpool to Manchester rail investment could help Northern cities rival Oxford-Cambridge growth potential, argue North-west Mayors
Mayor of Greater Manchester Andy Burnham and Mayor of Liverpool City Region Steve Rotheram have set out how regional rail investment could accelerate economic growth across a 'Northern Arc' of cities that could rival the potential of Oxford and Cambridge. Speaking at a roundtable event at the … [Read more...]
Greater Manchester signs Friendship Cities Agreement with Austin, Texas
Greater Manchester leaders have signed a Friendship Cities Agreement with the State Capital of Texas, Austin, during a visit to the city. Andy Burnham, Mayor of Greater Manchester, and Cllr Bev Craig, Leader of Manchester City Council signed a new Memorandum of Understanding (MOU) with Austin … [Read more...]
Manchester government digital campus gets go ahead
Planning approval has been granted for the government's proposed Manchester Digital Campus, which will bring 7,000 civil service jobs to the city-region. Manchester City Council has granted planning permission to the Government Property Agency (GPA) scheme on the former Central Retail Park in … [Read more...]
GCBF and River Capital drive North West growth with £1.4 million NPIF II investment
GC Business Finance (GCBF) and River Capital have provided £1.4 million worth of funding to 23 businesses in the North West since the second Northern Powerhouse Investment Fund (NPIF II) launched in March 2024. The two organisations manage as a consortium NPIF II - GC Business Finance & River … [Read more...]
Stockport ecommerce platform raises £2 million from second Northern Powerhouse Investment Fund
Stockport based ecommerce platform, Shopblocks, has raised £2 million from NPIF II – Mercia Equity Finance, part of the Northern Powerhouse Investment Fund II (NPIF II). The latest investment from NPIF II – Mercia Equity Finance – which is managed by Mercia Ventures as part of the Northern … [Read more...]
Greater Manchester launches new visitor economy strategy
A new strategy for Greater Manchester’s visitor economy has been launched, setting out a roadmap to lead the sector through an expected period of growth in the coming years. The Greater Manchester Strategy for the Visitor Economy 2025-2030 was launched on Wednesday 29 January 2025 at a packed … [Read more...]
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