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Greater Manchester Combined Authority company logo
Government
greatermanchester-ca.gov.uk

Investments

24

Portfolio Exits

1

Funds

1

Partners & Customers

10

About Greater Manchester Combined Authority

Greater Manchester Combined Authority (GMCA) is made up of the ten Greater Manchester councils who work with other local services to improve the city-region. The entity offers flexible loans and equity investments of between £0.5m and £5m at commercial rates. Applicants need to provide additional funding from the private sector.

Headquarters Location

Churchgate House 56 Oxford Street

Manchester, England, M1 6EU,

United Kingdom

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Latest Greater Manchester Combined Authority News

Growth Company secures £7.5m contract for Greater Manchester hub

Nov 14, 2023

Janine Smith The Growth Company has secured a second major contract in the region this month with the award of £7.5m from the Greater Manchester Combined Authority (GMCA) to deliver the GM Business Growth Hub, which is ultimately funded by the UK Shared Prosperity Fund. The service will deliver a contact centre offering instant advice from businesses and specialised business support on accessing finance, innovation, leadership and skills development, decarbonisation. Each local authority across Greater Manchester will also be allocated a team of advisers who will work closely with councils to ensure support is aligned with existing local provision. The GM contract win for the Manchester-headquartered Growth Company follows the award of a contract to deliver three of five business services in Lancashire last week. The Growth Company is to deliver a Growth Catalyst programme, and a Scale to Thrive programme as part of Lancashire’s £3.9m funding deal for the Boost programme. Janine Smith, Director, GM Business Growth Hub, said: “GM Business Growth Hub has a long history of delivering meaningful business support to SMEs across Greater Manchester. Over the last 10 years we’ve been embedded in the Greater Manchester business support landscape working closely with businesses, partners and stakeholders to ensure that the support we provide supports Greater Manchester’s ambitions and those of the businesses based here. “Greater Manchester is one of the most exciting places to be in the UK right now and we couldn’t be prouder to be part of that future. From helping businesses innovate, to developing their green potential and closing skills gaps, we look forward to continuing this important work with GMCA and the 10 local authorities.” Since it was formed in 2011, the Hub has engaged with more than 90,000 businesses and individuals wishing to start a business, created 14,793 jobs, and safeguarded a further 12,309.

Greater Manchester Combined Authority Investments

24 Investments

Greater Manchester Combined Authority has made 24 investments. Their latest investment was in GM Business Growth Hub as part of their Grant on November 11, 2023.

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Greater Manchester Combined Authority Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/14/2023

Grant

GM Business Growth Hub

$9.21M

Yes

2

10/2/2023

Series A - III

Shopblocks

$1.81M

No

5

7/27/2023

Grant

Holiferm

$2.57M

Yes

1

3/29/2023

Grant

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$99M

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10

3/15/2023

Seed VC

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$99M

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10

Date

11/14/2023

10/2/2023

7/27/2023

3/29/2023

3/15/2023

Round

Grant

Series A - III

Grant

Grant

Seed VC

Company

GM Business Growth Hub

Shopblocks

Holiferm

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Amount

$9.21M

$1.81M

$2.57M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

5

1

10

10

Greater Manchester Combined Authority Portfolio Exits

1 Portfolio Exit

Greater Manchester Combined Authority has 1 portfolio exit. Their latest portfolio exit was Moixa on August 24, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/24/2022

Acquired

$99M

5

Date

8/24/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

5

Greater Manchester Combined Authority Fund History

1 Fund History

Greater Manchester Combined Authority has 1 fund, including Greater Manchester Low Carbon Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Greater Manchester Low Carbon Fund

1

Closing Date

Fund

Greater Manchester Low Carbon Fund

Fund Type

Status

Amount

Sources

1

Greater Manchester Combined Authority Partners & Customers

10 Partners and customers

Greater Manchester Combined Authority has 10 strategic partners and customers. Greater Manchester Combined Authority recently partnered with Cisco on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/24/2022

Partner

United States

Greater Manchester Combined Authority, Cisco collaborate for inclusive, digital region

Greater Manchester Combined Authority has announced a strategic partnership with Cisco , looking to enable the transformation of public services with a programme of social value initiatives to support digital inclusion and address the digital divide across the region .

1

10/13/2022

Partner

United Kingdom

ADVERTORIAL: Manchester locals can get government-funded marketing training

The UK 's marketing trade body , the Data & Marketing Association , has partnered with the Greater Manchester Combined Authority and the Department for Education , to deliver bespoke Digital Marketing Skills Bootcamps .

1

7/26/2021

Partner

France

First Renew Shops open in partnership between GMCA and SUEZ, benefiting residents and the environment - Greater Manchester Combined Authority

First Renew Shops open in partnership between GMCA and SUEZ , benefiting residents and the environment .

1

4/7/2021

Partner

United Kingdom

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10

10/30/2020

Partner

United Kingdom

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10

Date

10/24/2022

10/13/2022

7/26/2021

4/7/2021

10/30/2020

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United Kingdom

France

United Kingdom

United Kingdom

News Snippet

Greater Manchester Combined Authority, Cisco collaborate for inclusive, digital region

Greater Manchester Combined Authority has announced a strategic partnership with Cisco , looking to enable the transformation of public services with a programme of social value initiatives to support digital inclusion and address the digital divide across the region .

ADVERTORIAL: Manchester locals can get government-funded marketing training

The UK 's marketing trade body , the Data & Marketing Association , has partnered with the Greater Manchester Combined Authority and the Department for Education , to deliver bespoke Digital Marketing Skills Bootcamps .

First Renew Shops open in partnership between GMCA and SUEZ, benefiting residents and the environment - Greater Manchester Combined Authority

First Renew Shops open in partnership between GMCA and SUEZ , benefiting residents and the environment .

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Sources

1

1

1

10

10

Greater Manchester Combined Authority Team

1 Team Member

Greater Manchester Combined Authority has 1 team member, including former Chief Information Officer, Cara Williams.

Name

Work History

Title

Status

Cara Williams

Chief Information Officer

Former

Name

Cara Williams

Work History

Title

Chief Information Officer

Status

Former

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