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SYIF appoint new Board Member

Published: 12th November 2003

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New Board Member for SYIF: Tony Parsons

South Yorkshire Investment Fund has appointed Tony Parsons as a new board member.

Mr Parsons, who has spent 35 years in the banking profession, was formally the Director of Commercial Banking at the Royal Bank of Scotland in South Yorkshire and prior to this was Director for Corporate Banking at Nat West.

Mr Parsons, who has lived and worked in the South Yorkshire Region since 1987, said: "I know the area very well and am very much aware of both the business and commercial issues affecting the area.

"I look forward to bringing my experience to the Fund and hope that I can help them continue with their success."

Tony Goulbourn, Chief Executive of South Yorkshire Investment Fund Ltd, said: "We are delighted Tony has agreed to join the board. He brings with him considerable expertise and knowledge which will strengthen our team at the Fund."

Mr Parsons is a trustee at both Magna - the science education centre - and Help a Hallam Child - the charity supported by Hallam FM to help children across South Yorkshire and the North Midlands.

He lives in Eyam where he is Director of the local museum and secretary of the annual half marathon which is held in the village every May - raising money for Sheffield's Western Park Hospital, St Luke's Hospice, Ashgate Hospice and village charities.

Mr Parsons, married with two children, still manages to find time for watching sport and gardening.

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.
http://www.finance-yorkshire.com

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).