Developer Calls on Housing Secretary to Investigate £55M GMCA Loans
1 report, 1 independent
Updated Oct 1
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What happened
A Manchester-based property developer called on Housing Secretary Angela Rayner to investigate £55 million in housing project loans. These loans were made in 2017 by the Greater Manchester Combined Authority to the Abu Dhabi United Group. The developers questioned the lack of due diligence and the absence of requirements for affordable homes in the area.
From dailymail.com
Why it matters
The accusations raise questions regarding the financial governance of the Greater Manchester Combined Authority. The report also notes that Prime Minister Keir Starmer is facing increasing pressure regarding his connections to the Abu Dhabi United Group.
From dailymail.com
Who's involved
- Angela RaynerHousing Secretary who was called upon to investigate the loans.
- Greater ManchesterThe authority that made the £55 million housing project loans.
- Keir StarmerPrime Minister facing scrutiny over connections to the Abu Dhabi United Group.
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The entities involved
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Angela Rayner
British politician (born 1980)
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Andy Burnham
British politician (born 1970)
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