Safe future for Doncaster company with South Yorkshire Investment Fund
Published: 5th April 2007
Chris Sprenger, Highfield’s Business Development Director with Jane Siddle, Investment Manager at SYIF
A leading food safety, health and safety training and training materials provider has turned to South Yorkshire Investment Fund (SYIF) to finance a fit-out of new premises.
The £120,000 loan has provided new computers, catering facilities and an elegant boardroom for Doncaster based Highfield.co.uk, which relocated into purpose built units as part of an expansion plan.
Highfield.co.uk moved from leased premises into the 4,300 sq ft offices and currently employs 32 staff between the new site and its distribution centre, both in Doncaster.
Chris Sprenger, Business Development Director at Highfield.co.uk, said: “Our new premises have made a vast difference to the way Highfield.co.uk operates and also to the perception our clients have of us.
“We recently had a major client down here for a training programme and it was a joy to be able to invite them to our purpose-built facility instead of taking the training to them, which is how we previously operated.
“Thanks to the loan from SYIF, we also have a superb boardroom which we use for business presentations. Without the loan, we would only have had a building shell with no interior.”
Highfield.co.uk, which recently won the Doncaster Chamber of Commerce Business of the Year Award, provides training and materials for companies such as Marks & Spencer, Gala Coral and McDonald’s and is looking to increase its staff numbers in line with expansion plans.
Chris added: “We now have all of our sales, training and design teams situated in the new offices, which makes running the company quite straightforward as we only have our distribution team on a separate site. With the Chamber Award and some big clients taking our services, the future is looking very rosy for Highfield.co.uk.”
Highfield’s unique selling point is that the company operates as a one stop shop to meet its clients’ needs, whether that is an order for a single health and safety book or a requirement for a complete training solution.
Jane Siddle, Investment Manager at SYIF, said: “We have a strong working relationship with Highfield.co.uk and the new premises will enable the company to flourish.
“South Yorkshire Investment Fund can help with many different relocation costs, such as the fit-out of Highfield.co.uk’s new premises, and we are always on the lookout for enterprising organisations within the region that we can help.”
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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).