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Profile Autumn 2008 Newsletter

Forward thinking company moves ahead with investment

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Pictured: Sam Morris from Develop-U with Andy Chaffer of SYIF and Simon Jones from Develop-U.

A forward-thinking business development company is moving ahead in the market place, thanks to a £25,000 investment.

Developing Performance Partnership Ltd (Develop-U), based in Rotherham, received the loan from South Yorkshire Investment Fund to help them bring in more business and market their services more widely.

Develop-U specialises in business improvement techniques, helping major national clients, such as Linpac Packaging and General Motors, to improve their operational systems.

They also offer a range of fully-accredited courses in health and safety and management training, designed to increase staffs' effectiveness, with consistent impact on each individual's behavioural changes and thereby influencing positive organisational culture changes.

Sam Morris, Managing Director of Develop-U said: "The investment from SYIF has gone towards marketing Develop-U and our services more widely. As a result, we've recently secured major contracts to up-skill the workforces of three large employers; one in West Yorkshire, and two in the East of England. The numbers involved will create financial security for our business for the next four years".

"SYIF have been a huge help, they have really helped our cash flow. A substantial amount of the investment has gone towards our new website, www.develop-u.co.uk and through marketing ourselves we have become able to chase business more freely.

"The money will also help fulfil our new contracts by supplying working capital assistance."

Andrew Chaffer, Business Director at SYIF said: "Develop-U is a pioneering company who deserve to flourish in the market place. SYIF are delighted to have played a part in helping them secure major contracts and we look forward to watching the company grow in the coming years."

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).