Making the right connections in South Yorkshire
Published: 8th March 2006
Pictured from the left is Jaimie Martin, MD of UK Cabling Ltd, together with Karl Hodson, Investment Manager for SYIF.
A Sheffield cabling company, which is making all the right connections in the business world, has been boosted by a £50,000 loan from South Yorkshire Investment Fund (SYIF) which has supported the development of a new trade counter.
Jaimie Martin, MD of UK Cabling Ltd based in Sheffield has over 30 employees and is looking to recruit more as the business he started in 2000 continues to grow rapidly.
The company, which specialises in network cabling, has just completed a 12,000 outlet install in Manchester and is currently working on a major contract in Leeds installing the door entry, CCTV and TV distribution systems for more than 360 residential flats.
Jaimie, says: "I am extremely grateful to the South Yorkshire Investment Fund because the loan is helping to fund the growth and development of the business."
SYIF provide loans and equity linked investments ranging from £15k to £2.5m to businesses already in, or prepared to relocate to, South Yorkshire. The Fund has already invested over £17 million in 146 businesses.
Jamie forecasts considerable growth for his company in a field where new technology is leading to increased demand for specialist cabling work.
"Home automation, where doors and appliances are centrally controlled by computerisation, is becoming more popular, he says, "with more and more families wanting it as part of an increasingly modern lifestyle."
Karl Hodson, an Investment Manager at South Yorkshire Investment Fund says: "Jaimie’s business is exactly the kind of enterprise we like to help. It has a strong sense of direction, knows its markets and has plenty of ideas about how it wants to expand in the future."
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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).