Welcome to the latest edition of Profile.
First of all I want to wish you all a very merry Christmas and a prosperous New Year.
We are coming to the end of another successful year for South Yorkshire Investment Fund and you can read more about some of the recent achievements in this newsletter.
On the front page we have highlighted the success of SYIF1 with more than £35 million invested in businesses (including Money with Management). We have now reached a point when we can say with confidence the Fund will fully invest and achieve its target financial returns and exceed most of the economic outcomes set.
To maintain the impact of SYIF 1, the Fund is now working hard to raise a Successor Fund (SYIF 11) to meet the needs of private and public sector investors and, above all, fulfill the requirements of the business community. SYIF 11 can be used to reinforce, accelerate and focus investment into the areas most required to meet economic objectives.
I am also pleased to announce that South Yorkshire Investment Fund has been recognised for its key role in helping to regenerate the region at the Sheffield Business Awards 2008.
SYIF walked away from Sheffield's biggest annual event with the Wake Smith Regeneration Award for its best practice and successful track record in delivery of urban regeneration.
SYIF has also supported the business awards in Rotherham and Doncaster by sponsoring the Business Growth and Most Innovative Business awards respectively.
Remember SYIF provide 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.
If your company is requiring financial assistance, please give us a ring on 01709 386377 or email us at firstname.lastname@example.org and we can explain how we can help you.
I hope you enjoy reading this latest issue of Profile!
South Yorkshire Investment Fund Ltd
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).