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Regeneration Award for South Yorkshire Investment Fund

Published: 20th December 2007

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Neil Salter (left) of award sponsor Wake Smith congratulates Tony Goulbourn (right) of winner South Yorkshire Investment Fund (SYIF)

South Yorkshire Investment Fund (SYIF) has been recognised for its key role in helping to regenerate the region at the Sheffield Business Awards 2008.

SYIF walked away from Sheffield’s biggest annual event with the Wake Smith Regeneration Award for its best practice and successful track record in delivery of urban regeneration. 

SYIF has invested more than £10 million in the last 12 months and, since it was established in 2001, the Fund has created and safeguarded more than 6,400 jobs and generated £283 million of additional sales for South Yorkshire companies.

Tony Goulbourn, SYIF Chief Executive, said: "I am thrilled on behalf of everyone connected with South Yorkshire Investment Fund that we have been given the recognition we deserve for all our hard work and success in the region."

"With the fund reaching the point where it will fully invest, the accolade is a timely reward for the achievements of this organisation and its impact on South Yorkshire’s economy."

The Fund provides a comprehensive range of packages, from small loans, large-scale equity and Seedcorn investments, that support businesses across South Yorkshire.

Recently, SYIF announced it had invested more than £42m (including Money with Management) in businesses across the region in the last five years.

It also been credited with helping to break dependence on grant-aid and successfully providing a new model of business support through money with management in South Yorkshire.

"The success of SYIF is down to the hard work and commitment of the investee businesses involved and the allocation of hugely experienced and highly respected business mentors to advise in the way the finance is used,” added Tony."

"SYIF doesn’t exist to merely invest money. It invests time, resources and a wealth of expertise to give companies in South Yorkshire the tools they need to build their business into a successful one."

"That is why the South Yorkshire Investment Fund business model is admired and this fantastic award is richly deserved."

The awards ceremony was a celebration of Sheffield Chamber of Commerce’s 150th anniversary with more than 1,100 of the City Region’s business leaders attending the dinner at Sheffield International Venues-managed Ponds Forge.

SYIF beat off competition from Burngreave New Deal for Communities and Spaces (Stoneland Properties Ltd) to the award.

For more information on how South Yorkshire Investment Fund can help your business please call 01709 386 377.

Editor's Notes

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.
http://www.finance-yorkshire.com

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).