Published: 24th November 2005
Pictured launching SYIF’s Annual Report is (from the left) Tony Goulbourn, Chief Executive of SYIF and Brian Leach, a SYIF Director
More than 400 visitors have attended the South Yorkshire Investment Fund (SYIF) roadshows – making them a huge success.
A series of four roadshows were held in Rotherham, Doncaster, Barnsley and Sheffield, so that businessmen and women and intermediaries in the county could find out how the Fund can help them. SYIF’s 2005 Annual Report was also launched at the events.
Tony Goulbourn, Chief Executive of SYIF Ltd, said: "SYIF provide loans and equity linked investments ranging from £15k to £2.5m to businesses in, or prepared to relocate to, South Yorkshire. The Fund has already invested £16.3 million in 140 businesses. We are here to help businesses and want to hear from you.
"SYIF also recently launched a special time-limited offer on loans for businesses in Barnsley, Doncaster or Rotherham. The initiative, which offers an effective interest rate of 0% for 12 months on selected loans, is aimed at increasing applications to the Fund from these areas. (Offer now ended) "
"Conditions do apply, but it means that businesses who pay their rates in Rotherham, Barnsley or Doncaster, who complete and draw down loans by March 31st 2006, can effectively enjoy an interest free loan for the first 12 months."
A unique feature of the way SYIF can help businesses is the Mentorbank project, which provides subsidised mentoring support to help management teams grow their business more profitably.
If you would like more information on how SYIF can help you, or information on the special time-limited loan offer, please telephone 01709 386 377 or email firstname.lastname@example.org
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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).