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Birmingham Post
Birmingham Post
Business
Jon Robinson

New £20m life sciences fund for SMEs in Greater Manchester, Cheshire and Warrington launched

Cheshire Greater Manchester Warrington Bruntwood SciTech GMCA Praetura Ventures

A new £20m life sciences fund to support SMEs in Greater Manchester, Cheshire and Warrington has been launched.

The Greater Manchester Combined Authority (GMCA) has committed £10m to GMC Life Sciences Fund By Praetura while Cheshire and Warrington LEP and Bruntwood SciTech have invested £5m each.

The fund will offer investment of between £50,000 and £2m to early-stage businesses and SMEs that are located in Greater Manchester, Cheshire or Warrington, or those that commit to relocating their operations there.

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