Issue - meetings
GM Framework Investment Approval
Meeting: 27/11/2020 - Greater Manchester Combined Authority (Item 21.)
21. GM Investment Framework - Conditional Project Approvals 
PDF 415 KB
Report of Councillor David Molyneux, Portfolio Lead for Resources & Investment.
Decision:
1. That the funding application for Commercial and Northern Ltd (investment of £1,250,000) be approved, and progressed to due diligence.
2. That the funding application for Tootoot Ltd (investment of £80,000) be approved, and progressed to due diligence.
3. That authority be delegated to the GMCA Treasurer and GMCA Monitoring Officer to review the due diligence information in respect of the above 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 at 1 and 2 above.