South Yorkshire Investment Fund - Special Offer
Published: 6th June 2003
Please note: This offer has now ended
Businesses based in Barnsley, Doncaster or Rotherham receive 100% rebate of interest payments until March 31st 2004.
South Yorkshire Investment Fund aim to drive new business development in the next few months with a special offer aimed specifically at businesses based in Rotherham, Barnsley and Doncaster.
If a loan is approved and drawn down between now and February 14th 2004, businesses based in Rotherham, Barnsley and Doncaster will receive an enhanced interest rebate of 100% until the end of March 2004. This means that they will effectively pay no interest until March 31st 2004 (subject to certain criteria being met - see below*).
To take maximum advantage of this offer clients should draw down loans and start making payments as soon as possible as each month that passes will reduce their time in 100% rebate zone.
After March 2004, the Interest Rate Rebate will revert to the standard rates.
We have a budget to be used for enhanced rebates so this offer is subject to availability and take-up.
* This offer is also subject to the engagement by the client of an NED or mentor, timely repayments and filing of monthly management accounts.
Please take every opportunity to promote this offer to both your clients and colleagues.
For more information, contact our
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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).