Issue details

Loan to Heyside Plastics Limited from GM Advance

Advanced manufacturing originating in Oldham with environmental benefits and export potential. The company recycles industrial waste that would otherwise end up in land-fill sites. The adoption of advanced manufacturing techniques will help the business to increase product output and the amount of PVC it recycles.

The Combined Authority gave approval on 28 March 2025 to give delegated authority to the Combined Authority Chief Executive and the Combined Authority Treasurer, in consultation with the Portfolio Lead Leader for Investment and Resources, to approve funding requests for projects in the absence of a Combined Authority meeting at the end of April 2025 and approve any urgent variations on amounts and terms for already approved loans.

Decision type: Key

Reason Key: Expenditure > £500,000;

Decision status: Recommendations Approved

Notice of proposed decision first published: 08/05/2025

Decision due: 7 May 2025 by Group Chief Executive

Contact: Nicola Ward Email: nicola.ward@greatermanchester-ca.gov.uk.

Decisions

Background papers