Non-Executive Directors – Finance Yorkshire
Published: 5th March 2009
c. £8k depending on role/responsibility
Could you bring senior-level experience of a business services organisation to help run a new £120 million investment fund to finance our region’s best smaller companies? Do you have the passion and strategic vision to help ensure that access to finance is a powerful catalyst and not an obstacle to performance?
Finance Yorkshire is planned for launch in October 2009. It will be established as a subsidiary of Yorkshire Forward and will use a balanced combination of investment from them and the European Commission and European Investment Bank. Finance Yorkshire will provide equity based and loan packages of up to £2m to companies in or moving to the region that need gap-finance to seal a proposal, be it start-up, growth or consolidation. It will invest through regulated fund managers that will be appointed during spring and early summer.
Finance Yorkshire has now entered advanced planning stages. We must now appoint up to 6 non-executive directors designate to support strategic development and provide governance roles for investors and stakeholders. Successful applicants will be appointed as non-executive directors designate and will be confirmed as directors once approval has been obtained.
We are particularly keen to invite applicants with experience in two or more of the following areas:
- Risk and Performance management
- Corporate Finance
- Commercial Banking
- Law (commercial or corporate finance)
- Audit, Governance or other Boardroom responsibilities
Further information is available from www.yorkshire-forward.com/about/vacancies
To apply, please send a current CV and a covering letter to Human Resources (NED), 3rd Floor, Yorkshire Forward, Victoria House, Victoria Place, Leeds LS11 5AE. Closing date for applications is 13th March 2009. Interviews will be held late March, early April.
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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).