BREAKING NEWS: There will be a C-Charge referendum There will be referenda in each of the ten Greater Manchester boroughs to decide whether or not to proceed with the city region's Transport Innovation Fund (TIF) bid. The announcement came this morning at an Association of Greater Manchester Authorities (AGMA) meeting at Bury Town Hall. Sir Richard Leese, leader of Manchester City Council, said: "We have a simple objective. If we're going to be taken seriously as a leadership we have to get this right. If we fluff it we'll have no credibility whatsoever. Because there are differing views we need to bring in independent scrutiny so that no one can suggest a political fix." A date, predicted to be in December, will be announced in late September, shortly before the 14-week consultation period ends. Each local authority will hold its own vote and AGMA needs seven out of the ten boroughs to vote in favour. All authorities have agreed to abide by the outcome.

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Geography, eh? Barclays Private Equity in Manchester announced this morning that it has backed a £73m secondary buyout of travel management company ATP International from LDC – easily deal of the week. But the company is actually based in London, so strictly falls outside of Insider’s patch. It’s the equity gap king Rosebud Finance that wins this week following its backing of Lancashire businesses SLA Glass and Premier Hose Technologies through its loan scheme. Bigger isn’t always better, as they say.

Paul ‘The Plumber’ Davidson is back with a suitably loud bang, claiming to have a deal in place to buy La Liga football club Real Mallorca for over £50m. He told one interviewer that he’d only found out the club was for sale last Friday in a newspaper he found on the floor, so visited at the weekend and did the deal on Monday, nipping in ahead of the ever-entertaining Freddie Shepherd... Hmm. This may not be over yet, Insider suspects.

Insider did see an admiring interview with The Plumber in the Evening Standard – sort of a national, you can buy it in Piccadilly and Lime Street anyway - in June, where Chris Blackhurst, on receiving a typically tall Plumber tale reported: “I grew up in the North, which is where Davidson is from. There are thousands like him - the non-stop comic who can't resist a dig or a quip. Close your eyes and you could be with Peter Kay.” Oh please. We might as well start reporting that all Londoners are cheeky chirpy Cockneys. Sweep yer chimney, guv?

The bacon sandwiches at KPMG’s latest private equity forum were obviously up to the usual high standard as they were down to the last few by the time Insider arrived. The Tatton president’s dinner was a fitting showcase for the region’s finest produce. Let’s hear it too for the Young Entrepreneurs in Property summer barbecue, held at Dukes 92 in Castlefield. The terrace was packed on a scorching evening with Buro 4’s complimentary cocktails going down a storm.