Barnsley company is sitting pretty after £15k investment
Published: 24th January 2009
Andy Chaffer of SYIF, Sonelli Director Zoe Wilson, John Hall of the BBIC, and Sonelli Director Vanessa Ely.
A Barnsley hair and beauty company is sitting pretty after receiving a £15,000 investment from the South Yorkshire Investment Fund (SYIF).
Sonelli Hair and Beauty Ltd supply tools, products and equipment to the beauty industry – as well as running training courses on everything from luxury manicures to hair colouring, spray tanning and waxing.
Directed by two former Barnsley College hair and beauty lecturers, Zoe Wilson and Vanessa Ely, the company has used the investment to help launch their business, which is based in the Oaks Business Park, Barnsley.
Zoe Wilson, co-director of Sonelli said: “As trained hair and beauty technicians, we want to use our business to introduce as many new faces as we can into the industry. We want to provide a quality service, not just for people who come and train with us – but for the companies we supply.
“We have put everything we’ve got into starting this business and the investment from SYIF gave us a tremendous boost in the right direction. Things have really took off since we opened in September this year, we’ve already trained 25 people to date and several of our courses for November and December are already fully-booked!
“Hopefully, as time goes by, the company will continue to grow and we will have a really successful business. We’re extremely grateful to SYIF for their help getting Sonelli off the ground, it’s been a huge benefit to us.”
Andy Chaffer, Business Director at SYIF, said: “Sonelli Hair and Beauty is quite a young company – but very exciting nonetheless. Their combination of supplying the beauty industry with products, as well as using their own skills to train others is fantastic.
“SYIF are delighted to have played a part in helping them get their business off the ground and to have assisted them in achieving their ambition of running their own company. We wish them the best of luck for the future.”
The company was introduced to SYIF by John Hall of the Barnsley Business and Innovation Centre (BBIC) in Wilthorpe, Barnsley.
Andy added: “John has acted as a mentor to the Directors, advising on the business from the early stages of development right through to the opening. He also reviewed the business plans and forecasts, ensuring they were suitable for the SYIF application.”
SYIF can provide 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.
For more information about South Yorkshire Investment Fund, please visit www.syif.com or ring 01709 386377
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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).