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Profile Summer 2008 Newsletter

Welcome

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Tony Goulbourn, Chief Executive, South Yorkshire Investment Fund

Welcome to the 19th edition of Profile.

We are now entering the holiday season and I hope you are able to enjoy a well earned break during the summer months.

SYIF continues to work closely with Yorkshire Forward regarding the development of the Successor Fund in 2009 and the interim arrangements to ensure that businesses can continue to access finance when they need it. Talks are progressing well and we will let everyone know at the earliest opportunity as soon as we are able to announce more details.

The main point to make is that Yorkshire Forward has been helpful in providing support to ensure that we can continue the momentum of the existing Fund by providing additional funds to invest, up to the end of 2008.

The Fund has constantly filled gaps in the market left by commercial providers of finance, breathing new life into projects and providing a new dimension to development. The Successor Fund will be used to reinforce, accelerate and focus investment into the areas most required to meet economic objectives.

Success of the existing fund will ultimately be measured by the return to the investor. This will not be known for at least another two or three years, but our current forecast is estimated at £19 million, which will mean a permanent Fund for the region by 2013.

An area of achievement has been the support in manufacturing companies, which we highlight in this edition of Profile. More than 160 investments have been made by SYIF in the Advanced Metals and Manufacturing and Engineering Sectors, an industry which continues to thrive in South Yorkshire.

Although our investment period comes to an end in late December 2008, SYIF continues to provide financial support to businesses across South Yorkshire. Examples of some of our recent investments are highlighted in this newsletter, including The Real Yorkshire Pudding Company, Numill Ltd and Rocksure Systems.

Remember SYIF provide seedcorn, loan and equity linked investments, ranging from £15,000 to £2.5 million, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.

If your company requires financial assistance, please give us a ring on 01709 386377 or email us at info@syif.com and we can explain how we can help you.

Signature

Tony Goulbourn
Chief Executive
South Yorkshire Investment Fund Ltd

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).