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Profile Summer 2007 Newsletter

Full Steam Ahead For Techtrain

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Pictured from the left are: Ruth Charnock from Crozier Jones, Janet Stevenson, Director at Techtrain Associates and Tony Parsons, Non-executive Director at SYIF

It's full steam ahead for a Doncaster company after enjoying success in the railway industry.

Techtrain Associates Ltd, based at Richmond Business Park, Doncaster, maintain and service air conditioning units on train fleets across the country, including OneAnglia, Scotrail and the Orient Express.

The company also provides training in spares and refrigeration engineering to hundreds of people every year.

South Yorkshire Investment Fund has assisted Techtrain to reach the next station, by providing a £50,000 loan. The money will be used to employ two new staff - an engineer and a trainer - purchasing tools and equipment and to upgrade their computer system.

Janet Stevenson, Director at Techtrain Associates, said: "The training courses range from a two-day intensive course to a 15-day session. People from all over the country come to us to be trained, many who have served their time with the armed forces. We give them the certification needed to go and get a new career.

"As we provide certification for the industry, a lot of rail engineering companies from all over the UK use Techtrain to train their staff."

Techtrain has been running for ten years, but in 2004 the company decided to bring the training programme in-house at a specific centre in Doncaster.

"It proved to be the right move and things are progressing nicely," added Janet. "We hope to continue the success and the company's growth in the coming years."

Nick Skelton, of Crozier Jones & Co, a Doncaster-based firm of Chartered Certified Accountants, introduced the company to SYIF, while also helping Techtrain with their business plan.

Karl Hodson, Investment Director at South Yorkshire Investment Fund, said: "Techtrain provides a valuable service to help people gain the training and certification they need to develop a new career.

"This is an example of a South Yorkshire based company enjoying success on a national level. At South Yorkshire Investment Fund we are pleased to help such a business continue their growth."

For more information on how South Yorkshire Investment Fund can help your business please visit www.syif.com or call 01709 386 377.

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).