Local family firm finds funds for fencing: South Yorkshire fencing company receives SYIF loan to help expand business.
Published: 21st April 2005
Investment manager Andrew Chaffer with Amanda Littlefield, AJ Fencing managing director. He says: "For a small company like us this kind of loan can make all the difference in terms of taking the business forward and achieving what I’ve always believed was possible."
The future looks bright for local company AJ Fencing Supplies Ltd after the family run firm received a £65,000 loan from South Yorkshire Investment Fund.
The Grimethorpe-based company, who specialise in the manufacture and erection of concrete and timber domestic fencing, are hoping to expand, taking on two new employees.
Amanda Littlefield, AJ Fencing managing director, said: "For a small company like us this kind of loan can make all the difference in terms of taking the business forward and achieving what I’ve always believed was possible."
"We currently employ seven staff, recent demand has been such that we can see massive potential for the business to expand, and this is now possible thanks to South Yorkshire Investment Fund and also Business Link."
Investment manager, Andrew Chaffer said: "AJ Fencing is a well run company with an excellent current and potential customer base. SYIF provides support for local companies across a range of sectors and we are always looking for opportunities to help the region’s businesses to achieve more."
South Yorkshire Investment Fund offers a range of loan and equity linked investments, ranging from £15,000 to £2.5m, to help small and medium businesses bridge the funding gap that often hamstrings growing businesses.
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About South Yorkshire Investment Fund
South Yorkshire Investment Fund provided seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
Created as part of the Objective 1 programme, the Fund is a private and public sector business finance provider. The European Regional Development Fund and Yorkshire Forward are investors in the Fund.
South Yorkshire Investment Fund also provided access to Business Angel investments from the Yorkshire Association of Business Angels and Microloans through BiG Business Loan Fund and Donbac Microloan Fund.
Finance Yorkshire has now taken on responsibility for providing gap finance in Yorkshire and the Humber.
For further details please contact Suzanne Tinkler, on 0845 649 0000.
South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services Authority. These include the pilot Seedcorn Fund, BiG Business Loan Fund, Mentorbank and access to the Donbac Microloan Fund. BiG Business Loan Fund is managed by Donbac Ltd (company registration No. 01925556) and Key Fund Yorkshire Ltd (Tel 0114 242 8900).