Welcome to Manchester Confidential
Reset Password
The Confidential websites will be undergoing routine updates. This may cause the sites to go offline. We apologise in advance for any inconvenience.

You are here: Manchester ConfidentialNews.

North West nabs £110m fund

EIB awards Evergreen project to region to help regeneration efforts

Published on July 29th 2010.

North West nabs £110m fund

A new £110m fund has been awarded to a consortium of North West-based local authorities to help kickstart regeneration projects in the region – some good news in a week of budget slashing for most municipalities and counties.

The Evergreen project will be operated by the leaders of Greater Manchester’s 10 councils along with commercial property consultancy CB Richard Ellis.

It will be made up of three separate pools to cover Greater Manchester, Cheshire, Lancashire and Cumbria, and another for use in any of those areas.

The fund, awarded by the European Investment Bank, will be made up of £20m of European investment money, £10m from the Northwest Regional Development Agency and £30m from public sector match funding. The Greater Manchester Pension Fund is also set to contribute £50m.

Sir Richard Leese, leader of Manchester City Council, said: “In these challenging times, when public resources are extremely limited, it is important that we continue to deliver as many regeneration priorities as possible by unlocking new ways of finding investment.”

Like what you see? Enter your email to sign up for our newsletters which are chock-a-block with more great reviews, news, deals and savings.

To post this comment, you need to login.Please complete your login information.
Or you can login using Facebook.

Latest Rants

Ashle Kumar

After putting password in our system often we forget it. But don't worry it can be recover by a…

 Read more

Postal services in goverment sector are pretty awesome. Now USPS offering excellent services in…

 Read more

Know your username(which is same as your employee number) Now click this link. And complete your…

 Read more

Link below to an MEN article on future plans for the area.…

 Read more

Explore The Site

© Mark Garner t/a Confidential Direct 2021

Privacy | Careers | Website by: Planet Code | SEO by The eWord