SYIF loan helps state-of-the-art Sheffield firm
Published: 19th April 2006
A Sheffield surgical instrument company has moved into new premises with the help of a loan from South Yorkshire Investment Fund (SYIF).
Bolton Surgical Ltd are manufacturers and repairers of theatre quality surgical instruments used in hospital theatres nationwide. The company has recently transferred to ultra-modern purpose-built premises at Chapeltown,close to the M1 motorway. The 17,000 square foot unit cost a total of £1.5m to build.
Within the new premises are purpose built conference facilities which are fully utilised by health organisations.
Bob Stopforth and Judy Roberts, Joint Managing Directors at Bolton Surgical, said: “We’re very pleased to have secured this loan which has helped us expand into our brand new, state-of-the-art premises. We needed bigger premises as our company continues to expand – and South Yorkshire Investment Fund were so helpful. They made applying for the additional money that we needed extremely easy.”
Bolton Surgical took out its first loan of £40,000 with SYIF in 2003 to upgrade its IT network, and have since secured a further £125,000 of funding.
Tony Goulbourn, Chief Executive of the South Yorkshire Investment Fund Ltd, said: “We’re very pleased to have been able to help Bolton Surgical, they are a market leading company and now have fantastic premises to equip them well into the future.”
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 £20 million in 163 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).