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SYIF Appoint Experienced Financial Expert

Published: 13th February 2008

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David Ward, SYIF's new investment manager

South Yorkshire Investment Fund (SYIF) has appointed a new Investment Manager.

David Ward joins the Small Business Fund Team with 43 years banking experience behind him. David will work with SYIF’s existing clients and new business introductions to support growing businesses in South Yorkshire.

David, from Mexborough, has worked for the Co-operative Bank since leaving school undertaking various roles in different branches, most recently at the Banks’ South Yorkshire Business Centre in Sheffield.

David said: “I look forward to using my experience in the sector to continue to assist businesses in South Yorkshire.”

Tony Goulbourn, SYIF’s Chief Executive, said: "We are delighted to have a man of David’s experience and expertise on board and this additional capacity will enable us to respond even more quickly to new applications."

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.

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).