£500m boost for infrastructure projects

INFRASTSTRUCTURE projects in Greater Manchester are to receive a major chunk of a £500m investment.

This follows the forging of a new partnership between The Greater Manchester Pension Fund (GMPF) and the London Pensions Authority (LPFA).

Chair of GMPF Cllr Kieran Quinn has confirmed the money would be ploughed into schemes in Greater Manchester and London over the next three to four years.

No firm commitment has been made, but the money is likely to go towards transport, housing and energy renewables projects.

Cllr Quinn, who is also leader of Tameside Council, said: “There are a few schemes we are looking into.

“But we are being quite broad at the moment, which is why we used the word ‘infrastructure’. But £500m is a significant pot.”

He added: “We have made many investments in the Greater Manchester economy, including investing in One St Peter’s Square, but this is about us doing something on a different scale that has a UK focus.”