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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.

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