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Profile Winter 2008 Newsletter


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Tony Goulbourn, Chief Executive, South Yorkshire Investment Fund

Welcome to the 21st edition of Profile.

As we enter the festive period, may I take this opportunity to wish everyone a very Merry Christmas and a Happy New Year!

We’ve some great news in this winter edition of our newsletter, including details on SYIF making its 500th investment in local business. The milestone was completed with an equity linked investment in Web Marketing Group.

The Fund has enjoyed another successful year. The latest figures show that the Fund will fully invest and from January 1, 2009 the Fund will concentrate on the critical objective of realisation, which we expect will provide £20 million for further investment.

The £50 million (including Money with Management) that has been invested to date has been crucial to the region’s economy, helping to generate business growth and create a foundation for future investment in the region.

Importantly, during the current period of economic uncertainty the involvement of SYIF in providing extra financial liquidity in the market will be pivotal to sustaining the region’s economy during these tough times.

SYIF continues to work closely with Yorkshire Forward and Partnership Investment Finance (PIF) to develop plans for a Regional Successor Fund which we anticipate will start investing by the autumn of 2009.

In the meantime SYIF continues to invest, ensuring that South Yorkshire businesses can continue to access finance when they need it and more critically that the momentum we have gained will not be lost.

Remember SYIF provide seedcorn, loan and equity linked investments, ranging from £15,000 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 info@syif.com and we can explain how we can help you.

Roll on 2009!


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.

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).