Browne Jacobson advises Greater Manchester Combined Authority on its investment in Beryl
UK & Ireland law firm Browne Jacobson has advised Greater Manchester Combined Authority (GMCA) in its £1m investment in Beryl, the operator of the Starling Bank Bikes scheme in Manchester.
The cycle hire scheme operated by Beryl is positively impacting Greater Manchester residents’ day-to-day lives and improving sustainability across the city.
The GMCA investment is part of the Greater Manchester Investment Fund, which aims to encourage business growth and investment in property and infrastructure.
GCMA’s investment will be used to boost Beryl's commercial functions, with the opening of a new city centre office at Embankment in Manchester and the creation of new employment opportunities for local people.
Ryan Brown, Partner at Browne Jacobson, led on the deal with support from Associate Miranda Foy.
Ryan said: "It was a pleasure to work with the GMCA team on this investment in Beryl, which will help to create new employment opportunities while contributing to Greater Manchester’s wider active travel and sustainability goals. We wish GMCA and Beryl all the best and look forward to seeing their continued success.”
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