Sitedesk Ltd. secures equity funding from Greater Manchester Councils

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Sitedesk

Greater Manchester Combined Authority (GMCA), a group of ten Greater Manchester councils and the Mayor of Greater Manchester, have invested into and taken a 10% stake in Cheadle Hulme based technology business Sitedesk

Sitedesk is an independent software developer, that makes managing digital and BIM construction projects easier, faster, cheaper for the industry. The company is the creator of a Cloud-based software solution for the built environment and improves processes and profit margins for construction contractors and building owners.

The software makes information accessible and easy to manage regardless of location and does not require the need for external consultants or IT intervention.

Building owners are provided with information that is linked to a 3D model of their building. Reports suggest that this reduces maintenance time spent on site by up to 50%.

Chairman of Sitedesk, Michael McCullen said:

“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.”

The Business simplifies the construction and handover of digital building information under new BIM (Building Information Modelling) guidelines introduced in April 2016.

Sitedesk has also teamed up with Wyre Council, Blackpool Council, Fylde Council and the Environment Agency to manage the world’s first BIM coastal defence scheme. The project will cover a 6km stretch of coastline in the North West of England and hopes to protect more than 12,000 properties.

For more information about Sitedesk click here.

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