Welcome to the 20th edition of Profile.
It is astonishing to think we have reached this many editions of the Profile newsletter, helping to keep people informed of the investments made by South Yorkshire Investment Fund, as well as the success stories of companies in the region.
The publication has been a vital tool for SYIF and in this time of change will continue to be useful in bringing the latest developments on the Fund to the forefront with our intermediaries, partners and businesses.
An example of this is the front page story which highlights Yorkshire Forward's decision to provide an additional £4 million to ensure SYIF can continue to make investments until the end of 2008. This is terrific news and reflects the strong working partnership we have with them and means we have just under £10 million to invest until the end of the year.
In our last summer edition we mentioned the partnership SYIF had created with BiG Business Loan Fund in Sheffield to deliver their Microloan Fund. We are pleased to announce that SYIF is also working closely with our partners Donbac Microloan, which also provides funding for new companies.
As with every edition of Profile we like to highlight the businesses who have received backing from SYIF. In this issue we cover investments from a wide range of sectors, an example of the diversification of the Fund and the industries in South Yorkshire.
This includes software developers GWD Media, Develop-U who specialise in business improvement techniques, food business Delicious Alchemy and printing company Intoprint.
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 email@example.com and we can explain how we can help you.
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).