Capital Network Event showcases New Companies
Published: 22nd May 2003
Lynne Martin of the South Yorkshire Investment Fund pictured with Mike Chatwood & David Garrad of Advanced Digital Vision Systems at the funds Capital Network event.
Lynne Martin of the South Yorkshire Investment Fund pictured with Colin Pons & Gloria Ward of Yorkshire Media Production Agency at the funds Capital Network event.
Entrepreneurs in South Yorkshire have showcased their companies and creativity at a Capital Network event - with the aim of attracting funding
and investment to expand or develop their businesses further.
Capital Network, part of the South Yorkshire Investment Fund, aims to bring together entrepreneurs seeking funding with Business Angels keen to invest in potentially successful and fast-growing businesses. Business Angels are typically wealthy and experienced businessmen keen to lend their knowledge and finances to businesses with growth potential.
One of several companies exhibiting was Advanced Digital Vision Systems (ADVS), a security company specialising in Digital CCTV. The company is
coming to the end of its first financial year and intends to expand its sales and marketing teams and establish a demonstration suite where the
surveillance technology can be shown off to its best effect. It aims to build annual turnover to £1.5m in the next three years.
Also showcasing at the event was the Yorkshire Media Production Agency, a company that invests in film and through a tax efficient structure, brings
significant returns to the investor. The company was established in 1995 and has co-financed, produced or executive produced 15 feature films.
Lynne Martin, Manager of Capital Network, said: "The latest Capital Network event, like the ones before it, has been a great success. They link together exciting and fast growing companies with those who are keen to invest.
"Not only are promising new companies given a chance to expand and grow but business prospects in the region are also given a boost, helping the economy as a whole."
The Fund provides development and risk capital ranging from £15k to £1m to businesses in, or prepared to relocate to, South Yorkshire. It offers two key products, one of which is loans ranging from £15k to £150k with effective annual interest rates from as little as 3% per annum.
The second product is an equity-linked package, ranging from £50k to £1m where the Fund takes a minority stake in the business.
The equity-linked package, with its competitive fees, is designed for new or existing businesses with potential for rapid expansion. Investments can be
made as a mix of ordinary and preference shares or subordinated loan stock.
A unique feature of the way the Fund can help businesses is the Mentorbank project, which provides subsidised mentoring support to help management teams grow the business more profitably.
The Fund’s products are designed to support businesses through critical stages of growth. From start through to major expansion, the fund will
provide financial support. If a business is looking to start up, invest in new technology or equipment, enter new markets or locate into South Yorkshire it should call South Yorkshire Investment Fund first.
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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).