Loans helps agency invest to grow
Published: 20th December 2005
From left to right; Managing Director of Square One Tony Cross, Mentor, John Phillips and Investment Manager Andrew Chaffer.
Sheffield-based marketing agency Square One Advertising & Design Ltd has welcomed a loan from South Yorkshire Investment Fund, which has enabled it to invest in new technology and equipment to enhance its range of services.
The company has identified vital new print and finishing technology to extend its print services to clients and a significant sum will also be put towards new equipment for its design division, to enable the company to strengthen its position as the leading ‘design for print’ agency in the region.
Managing Director Tony Cross explains: "The acquisition of Broadleaf Design & Marketing and Archer Print in the past two years has meant we were able to expand our services significantly. The loan will support the onward development of each of our individual areas of expertise, to assure customers of the very best service whatever their requirements."
As one of the longest established agencies in the region, Square One is also unique in offering design, PR and print services in-house, which means it can remain competitive, whilst offering dedicated expertise in all areas."
South Yorkshire Investment Fund (SYIF) was introduced to Square One by John Phillips, who is a mentor for the company – and gives them advice and guidance as they develop.
Andrew Chaffer, Investment Manager, said: "This is an exciting time for Square One, with the agency also working towards Investors in People accreditation and continually enhancing its services in line with customer requirements. SYIF is only too happy to help and support them with this loan."
South Yorkshire Investment Fund can provide 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.
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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).