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Profile Autumn 2007 Newsletter

Andy Makes Return to Investment Fund

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Andy Chaffer has been appointed Business Director at South Yorkshire Investment Fund.

South Yorkshire Investment Fund has appointed Andy Chaffer as its new Business Director.

Andy, 46, from Millhouses in Sheffield, returns to the Fund after spending the last 18 months with Leeds-based City Invoice Finance.

Andy, who had previously spent four years at SYIF as an Investment Manager for the Small Business Fund, will now be responsible for liaising with intermediaries and introducers to ensure they are kept up to date with SYIF products and services and the various ways in which we can help their clients.

He said: "I want to continue to drive the company's business development and ensure companies throughout South Yorkshire are taking advantage of the funds available.

"We will be talking to accountants to let them know that when their clients need funds to think about South Yorkshire Investment Fund. By working in conjunction with banks, we can help companies secure the funding they need to develop their business."

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).