“Greater Manchester has kind of what they call a good growth fund where they kind of pull funding from different places, pension funds, national wealth fund, some GMCA budget. And they use that to invest, you know, for a return in various schemes.”
Inside Briefing with the Institute for Government · Budget 2026: What do John Healey’s choices mean for the economy and the government?
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What was described
create a good growth fund that pools money from pension funds, the national wealth fund and the GMCA budget to invest in schemes for a return
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Said on Australian Parliament: House of Representatives
Business model$1 billion investment for almost 400,000 AustraliansShare this moment
“Ownership mindset… both ourselves and Trav… personally having a majority of our personal wealth invested in the fund.”
“I wouldn't use the funds to buy investment properties. I'd be using the funds to reduce my owner-occupied debt and then leveraging to buy investment properties.”