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US tech firm handed £4m to kickstart digital revolution in Manchester has failed to hit targets, and missed loan repayment
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manchestereveningnews.co.uk
manchestereveningnews.co.ukA digital firm handed more than £4m of taxpayer cash has failed to meet the terms of a grant or stick to a loan repayment schedule.
When Eon Reality Ltd, a virtual technology company, opened their European headquarters at Newton Heath's One Central Park in March 2013, they were charged with kickstarting a digital revolution in Manchester.
The project was 'set to make Greater Manchester the home to the only research and development interactive digital centre in Europe'.
Greater Manchester Combined Authority agreed to hand Eon, a California-founded company, a £1.8m grant on the condition that they train 100 young people a year in coding - and provide 240 jobs.
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