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Andy Burnham’s office lost £250,000 in an ‘unsecured loan’ to the Greater Manchester Chamber of Commerce when it entered administration, officials have confirmed.

In June 2023, a meeting chaired by the mayor, attended by the city’s 10 council leaders at the time, authorised the Greater Manchester Combined Authority (GMCA) to give the Chamber of Commerce (GMCC) the £250,000 loan.

However, it has since been confirmed by administrators the loan was given after the Chamber made a £299,000 loss a year previously.

An administrators’ report said: “GMCC has been loss making for several years and had an unsecured loan from Greater Manchester Combined Authority.”

An unsecured loan is one given without the borrower putting up collateral, like an asset, meaning lenders usually appro

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