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ARTICLE · 07 AUGUST 2025

Competition Appeal Tribunal Dismisses Second Subsidy Control Act Challenge

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The Great Manchester Combined Authority ("GMCA") has successfully defended a subsidy control challenge in the Competition Appeal Tribunal ("CAT")...

United KingdomAntitrust/Competition Law
Stacey Gray
Stacey Gray

The Great Manchester Combined Authority ("GMCA") has successfully defended a subsidy control challenge in the Competition Appeal Tribunal ("CAT") concerning loans provided to property developer Renaker for large-scale residential regeneration projects in Manchester.

The claim concerned loans of £70.8 million to Trinity Developments (Manchester) Limited ("Trinity"), and £69.2 million to New Jackson (Contour) Investments Limited ("Jackson"). The loans were made under the Greater Manchester Housing Investment Loans Fund by GMCA. Trinity and Jackson are special purpose vehicles engaged in developing high-rise residential towers and are both are part of the broader "Renaker Group." Trinity and Jackson are ultimately owned and operated by Mr. Daren Whitaker.

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