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Profile Winter 2008 Newsletter

SYIF appoints two new managers

Pictured: Debbie Sorby becomes portfolio manager with SYIF; Ian Waterfield joins SYIF as a new investment manager.

South Yorkshire Investment Fund has made two new additions to the team.

Ian Waterfield, 34, joins SYIF from the YFM Group in Leeds, where he worked as investment manager for their Yorkshire and Humber Equity Fund, while Debbie Sorby joins the team from 3i plc, a world leading private equity company.

Ian’s role as investment manager for SYIF will involve appraising new opportunities to invest in small and medium-sized enterprises (SMEs) and ensuring investments are completed as smoothly as possible.

Ian said: “I was attracted to this position at SYIF because it gives me the opportunity to work with ambitious, young businesses across the region, helping them to grow.”

Debbie’s new role as portfolio manager with SYIF will see her managing investments once they have been made.

Debbie, from Nottingham, added: “I’m looking forward to getting to know the investee companies as I work more closely with them, as well as working with my new colleagues.”

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).