Decision details

Greater Manchester Investment Framework Approvals (key Decision)

Decision Maker: Greater Manchester Combined Authority

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


1.      That approval be granted for a loan of up to £2m to Holiferm Limited.


2.      That approval be granted for a loan of up to £200k to Shaping Cloud Limited.


3.      That authority be delegated to the Combined Authority Treasurer and Combined Authority 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.


4.      That authority be delegated to the Chief Executive Officer, GMCA & TfGM and the GMCA Treasurer, in consultation with the Portfolio Lead for Investment and Resources, to approve projects for funding and agree urgent variations to the terms of funding in the period 25 March 2023 to 25 May 2023.


5.      That it be noted that any recommendations that are approved under the delegation will be reported to the next available meeting of the Combined Authority.


Publication date: 27/03/2023

Date of decision: 24/03/2023

Decided at meeting: 24/03/2023 - Greater Manchester Combined Authority

Effective from: 04/04/2023

Accompanying Documents: