Decision details

Greater Manchester Investment Recommendations

Decision Maker: Greater Manchester Combined Authority

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No


  1. That an equity investment of up to £350k to Wi-Q Limited be approved.


  1. That an equity investment of up to £1m to SMIDSY Ltd (trading as “Beryl”) be approved.


  1. That a loan novation of up to £12.95m to Chancerygate (Erdington) Ltd be approved.


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

Publication date: 27/11/2023

Date of decision: 24/11/2023

Decided at meeting: 24/11/2023 - Greater Manchester Combined Authority

Accompanying Documents: