BlogSitedesk Ltd. secures equity funding from Greater Manchester Combined Authority (GMCA) to...

Sitedesk Ltd. secures equity funding from Greater Manchester Combined Authority (GMCA) to drive business growth

GMCA invests and takes a 10% stake in local technology business, Sitedesk, headquartered in Cheadle Hulme. Sitedesk is the creator of a Cloud-based software solution for the built environment that improves processes and profit margins for construction contractors and building owners.

For contractors Sitedesk simplifies the compilation and handover of digital building information, a requirement for government projects under new BIM (Building Information Modelling) guidelines introduced in April 2016. Building owners are given anytime/anywhere access to this information linked to a 3D model of their building, reducing maintenance time spent on site by up to 50%.

Michael McCullen, Chairman of Sitedesk commented “We are delighted that GMCA has recognised the innovative work that Sitedesk is doing and has decided to support us by investing in the business. The construction industry is starting to embrace new technology as a way of driving efficiencies and reducing costs. This new investment will mean Sitedesk is ideally placed to help.”

Mayor of Greater Manchester, Andy Burnham said: “I’m very pleased that the Greater Manchester Combined Authority has committed to helping local companies, like Sitedesk, expand their businesses and their workforce.”

“The fact we’re now using money from returns on previous investments to help even more companies grow highlights how successful our previous investments have been. I’m proud that across Greater Manchester our businesses continue to go from strength to strength as we make our city-region the best place to live, work and invest.”

Sitedesk is being used to manage the world’s first BIM coastal defence scheme. The collaboration between Wyre Council, Blackpool Council, Fylde Council and the Environment Agency over a 6km stretch of coastline in the North West will protect several communities and more than 12,000 properties.

Latest

Jet2 flight from Tenerife in mid-air 'chaos' as pilot suffers medical emergency

A Jet2 flight from Tenerife to Birmingham was forced to divert to Porto after the pilot suffered a suspected heart attack mid-air22:04, 23 May...

Keir Starmer insists 'our plan is working' and says he will 'keep pushing forward'

Sir Keir Starmer plans to remain as Prime Minister, despite calls to quitDespite Sir Keir’s claims of success, both Mr Burnham and Mr Streeting...

'Aggressive' dog trapped elderly lady before attempting to bite police officer

The attending officer was able to control the dog without it causing injury"During this incident, the Belgian Malinois displayed aggressive behaviour towards members of...

M6 crash sees major motorway hit by delays after all traffic stopped

There were major delays on the M6 motorway on Saturday night after a crash involving four cars. All lanes were shut on the motorway...
Subscribe to our newsletter
Business Manchester will use the information you provide on this form to be in touch with you and to provide updates and marketing.
Don't miss

Manchester director’s guide to the first 7 days after receiving a winding-up petition

For Manchester company directors facing a winding-up petition for the first time, few documents carry greater legal and commercial significance. Yet despite the seriousness...

'Aggressive' dog trapped elderly lady before attempting to bite police officer

The attending officer was able to control the dog without it causing injury"During this incident, the Belgian Malinois displayed aggressive behaviour towards members of...

Man United transfer news LIVE – Ederson 'advanced talks', Elliot Anderson update, £80m battle

Thomas Tuchel has named the England squad for this summer's World Cup, with some Manchester United players missing out.There is no place in the...

White House 'on lockdown' as gunshots rings out and people rushed inside

It is currently unclear where the gunshots have originated from and what the security incident is in relation toPeter Hennessy UK & World News...

More News

Limb Loss and Limb Difference Awareness Month Marks the Start of Two New Charity Partnerships for Mobility in Motion

During Limb Loss and Limb Difference Awareness Month, Mobility in Motion has announced that it has formed new partnerships with Steel Bones and Finding...

Surprising ways you might be putting your phone at risk

We use our smartphones for everything. Checking traffic, catching up with friends, browsing the sales… they’re our instant source of information. But these devices also provide...

5 Essential health and safety tips for UK workplaces

If you want to keep a UK workplace safe and legally compliant right now, you need to focus on five specific pillars which are...