Capital Investment: Greater Manchester
(asked on 23rd November 2016) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, with reference to paragraph 3.36 of the Autumn Statement 2016, if he will take steps to ensure that the £400 million Patient capital funding supports new ventures in Greater Manchester.
This question was answered on 30th November 2016
Current programmes run by the British Business Bank support £560m of lending to and investment into firms in the Greater Manchester area. While the new £400m investment into venture capital will be operated on a national basis to maximise its impact, this and other programmes will continue to support firms in the Greater Manchester area to obtain the finance that they need to grow.