Manchester’s Veraz receives £60k grant creating four jobs

Manchester City Council-managed Corridor Growth Fund (CGF) has awarded Veraz Ltd with a £59,962 grant helping in the creation of four full-time positions.

The CGF is a £2 million fund managed by Manchester City Council, and supported by the Government’s Regional Growth Fund, to back research and development-related employment growth in the city’s Corridor area.

Grant funding totalling £1.66 million has been provided through 14 awards, helping create 106 jobs and safeguard a further 13 since May 2013.

Veraz Limited innovate and design products to improve the management of processes in the workplace.

They were awarded £59,962 from the CGF with an application centred on creating up to four full-time positions over 12 months and lowering their costs of R&D in conjunction with the Central Manchester University Hospitals NHS Foundation Trust (CMFT).

The funding also means they can extend and further develop their Green Badge System (GBS).

The GBS ensures hand hygiene protocols are adhered to in hospitals, leading to a reduction in Healthcare Associated Infections contamination.

Veraz Limited, currently based at the MedTech Centre at Manchester Science Park (MSP), hope to base more of their staff in Manchester permanently and make further connections with CMFT.

Sir Richard Leese, leader of Manchester City Council, said: “Manchester’s science and research base is one of the city’s key strengths and it is important that we continue to encourage it to help promote the city’s economic growth. This has always been an innovative city and the Corridor Growth Fund is making a contribution towards ensuring that continues.”

Rowena Burns, Chief Executive at Manchester Science Partnerships said: “The Corridor Growth Fund is a clear indication of Manchester’s aspirations to become a true ‘Science City’ by proactively supporting the growth of R&D activity.

“The Corridor is one of only a few places in the UK with the right combination of knowledge assets that can be harnessed for any science and technology company serious about growth. We are proud that companies in receipt of Corridor Growth Fund awards have been located or chosen to locate at MSP, because they know that being part of a community of like-minded businesses, dedicated to bringing great ideas to market, really does make a difference.”