Making More Connections After Second Loan
Published: 21st June 2007
Pictured at one of UK Cabling’s projects is (from the left) Jaimie Martin, MD of UK Cabling Ltd, Tony Crapper, UK Cabling’s Operations Director, together with Karl Hodson, Investment Manager for SYIF.
A Sheffield telecommunications company is making more connections after receiving a second loan of £50,000 from South Yorkshire Investment Fund (SYIF).
The latest round of money from SYIF is helping Jaimie Martin, Managing Director of UK Cabling Ltd, to further develop the company’s Handsworth site into a distribution centre and trade counter.
The trade counter will stock a full range of electrical and data products and is ideally situated just off the Sheffield Parkway with close links to the M1 and Sheffields main arterial routes.
It is the second £50,000 investment Jaimie has used to grow his business over the last 12 months.
UK Cabling Ltd was formed in 1997 by Jaimie, who has an extensive background in all types of cabling, to meet the needs of digital media. During this time he has also established a management team that has many years of experience within the industry, designing and implementing a wide range of cabling infrastructures.
Jaimie, said: “I am extremely grateful to South Yorkshire Investment Fund because this second loan is helping to fund even further growth and development of the business.”
Jaimie forecasts considerable growth for his company in a field where new technology is leading to increased demand for specialist cabling work.
Karl Hodson, Investment Director at South Yorkshire Investment Fund, said: “UK Cabling is the type of business we like to help. It is expanding quite quickly and is providing jobs for local people. We wish Jaimie all the best as he takes his company to the next level.”
SYIF provide seedcorn,loans and equity linked investments ranging from £15k to £2.5m to businesses already in, or prepared to relocate to, South Yorkshire. For more information on how SYIF can help businesses, please go to www.syif.com or call 01709 386 377.
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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).