Decision details


Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


1.         That the funding applications for Miribase Limited (equity investment of up to £350,000), Worthington Mancap LLP (loan facility of up to £6,050,000) and Immersify Education Limited (equity investment of up to £150,000) and progress to due diligence be approved.


2.         That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to review the due diligence information in respect of the companies, and, subject to their satisfactory review and agreement of the due diligence information and the overall detailed commercial terms of the transactions, to sign off any outstanding conditions, issue final approvals and complete any necessary related documentation in respect of the investments.


3.      That the loan to Kartell UK Limited approved under delegated authority be noted.


Publication date: 01/10/2019

Date of decision: 27/09/2019

Decided at meeting: 27/09/2019 - Greater Manchester Combined Authority

Effective from: 09/10/2019

Accompanying Documents: