Local investors get national accreditation
Published: 23rd January 2009
A local business investor has strengthened its links with the community after gaining accreditation from a prestigious national finance group.
Finance South Yorkshire, which manages the South Yorkshire Investment Fund’s Small Business Fund, has joined the Community Development Finance Association (CDFA).
By joining CDFA, Finance South Yorkshire will have better access to small enterprises through networking events and seminars, designed to put businesses from the region in touch with investment opportunities.
The CDFA is the UK trade association for financial institutions that provide capital and support to enable individuals or organisations to develop and create wealth in disadvantaged communities or under-served markets.
South Yorkshire Investment Fund’s Chief Executive, Tony Goulbourn said: “We’re delighted to have been accredited by the CDFA. We look forward to working with such a prestigious association and to forging new relationships with small businesses and entrepreneurs across the region.
“Our key objective is to sustain funding for SME’s in South Yorkshire and to also provide more than monetary investment. We aim to provide investees with management support and mentoring to help them achieve their objectives and in turn, to help business in the community to flourish.
“Joining the CDFA puts the Fund at the forefront of community investment in South Yorkshire.”
Harry Glavan, Membership and Events Manager at CDFA said: “By joining the CDFA, Finance South Yorkshire has become part of a strong network of non-profit lenders around the country – all of them providing support to businesses and individuals who can’t access finance from the high street banks or mainstream lenders.
“At this time, the services they provide are needed more than ever. We warmly welcome Finance South Yorkshire to the CDFA.”
South Yorkshire Investment Fund already work closely with Key Fund Yorkshire and Donbac Ltd to manage the BiG Business Loan Fund in Sheffield, and with Donbac to provide microloans to people across the rest of South Yorkshire who struggle to raise funds from banks.
The Small Business Fund provides loans, to SME’s (small or medium-sized enterprises) ranging from £15,000 to £150,000 across the region, with the aim of improving economic regeneration.
For more information about South Yorkshire Investment Fund, please visit: www.syif.com
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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).