Midas quits airport to save cash

One year after moving from Trafford Park to the Voyager office building at Manchester Airport, the inward investment agency for Greater Manchester is moving back to co-locate with the UK Trade & Investment.

The relocation is part of the restructuring of the Manchester family of four economic agencies that support the ten local authorities' regeneration priorities.

In February, the Association of Greater Manchester Authorities approved a plan to find savings of £3.2m from the four Manchester family organisations in 2011/12. The family organisations are Manchester Solutions, Marketing Manchester, Midas and the Commission for New Economy.

An email circulated on Friday by Midas said: "Firmly at the heart of the new business growth, trade and inward investment centre of excellence, the Midas team will continue to be committed to bringing new investment into Greater Manchester and supporting those companies already here, creating jobs and increasing productivity.

"By working closely together, Midas and UKTI will drive a new bilateral approach for Manchester, harnessing combined international trade and investment opportunities and providing a strengthened platform for Greater Manchester and our ever-growing business community."

The new Midas office at Warren Bruce Court on Warren Bruce Road opens on Monday.

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Could Liverpool Vision co-locate with the UK Trade & Investment or is this a Manchester thing? too far to travel?

By Phil G

How much money did Midas spend on that short-lived relocation? Fit-out alone must have been quite pricey.

By Rob

What a complete waist of time and money. Surely the airport provides a superior welcome to the North West than Trafford Park. This goes against everything Midas said it wanted to achieve in relocating the airport.

By B Mused