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Manchester Evening News
Manchester Evening News
National
Saima Akhtar

New £20m life sciences fund launches to support businesses in Greater Manchester

Greater Manchester Bruntwood SciTech Manchester Praetura Ventures Andy Burnham Cheshire GMCA Warrington Greater Manchester Combined Authority

A new fund has been launched to bolster Greater Manchester, Cheshire and Warrington's flourishing life sciences sector.

The fund, raised by partners including Bruntwood SciTech, Greater Manchester Combined Authority (GMCA) and Cheshire and Warrington Local Enterprise Partnership (LEP), will be deployed by Manchester-based Praetura Ventures. The fund will be launched with an initial £20m with the aim of supporting innovation and growing the region’s knowledge economy, creating more skilled jobs and helping businesses to expand internationally.

The ‘GMC Life Sciences Fund By Praetura’ - a partnership between Greater Manchester Combined Authority (GMCA), Cheshire and Warrington Local Enterprise Partnership (LEP), Bruntwood SciTech and Praetura Ventures - will combine capital, expertise and resources to help investee companies in Greater Manchester, Cheshire and Warrington to scale.

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