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SYIF appoint Investment Managing Director

Published: 19th August 2003

Peter Armitage

Peter Armitage has been appointed as the Investment Managing Director for South Yorkshire Investment Fund.

Based in Rotherham and Sheffield, he will work with SYIF Investment Managers Nigel Feirn and Matthew Male.

Mr Armitage was formerly a partner in the Leeds office of Apax partners – one of the largest venture capitalists in Europe – and Bridgepoint Capital. He is a qualified chartered accountant and has an MBA from Manchester Business School.

He said: "I look forward to my new role helping to develop both existing and new businesses – bringing new jobs and prosperity to the South Yorkshire Region."

Mr Armitage will focus particularly on SYIF’s equity-linked packages where the Fund takes a minority stake in the business - with investments ranging from £50k to £1m. They are intended for new or existing businesses with potential for rapid expansion who may have insufficient security to raise all the finance they need from a conventional source, such as a bank, or are too small to attract traditional levels of venture capital.

Tony Goulbourn, Chief Executive of South Yorkshire Investment Fund Ltd, said: "We are delighted that someone as experienced as Peter has joined our team. We look forward to a happy and successful association with him."

In his spare time Mr Armitage winds down with an array of exciting and adventurous hobbies. As a mountaineer he has climbed the Matterhorn and Mont Blanc and has visited what he describes as the ‘awesome’ Mount Everest.

If that isn’t enough he has indulged in parachuting, potholing and scuba diving and when he gets a spare five minutes he rides a mountain bike and puts his feet up to watch rugby union.

Born in Huddersfield Mr Armitage now lives in Holmfirth and is married with two daughters.

Editor's Notes

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).