Trafford Council has given £12.95 million to Manchester Airport through borrowing. As part of a £260 million investment by all ten Greater Manchester councils made earlier this month, the council’s share of that investment was approved at an executive meeting.
In total, Trafford Council gave £12.95 million to the group as the airport is “a major generator of income” for both the authority and the area to support it through the coronavirus outbreak and its immediate aftermath.
At the executive meeting where the amount was agreed, it was also decided that the source of those funds would be through shareholder prudential borrowing.