Welcome to the 22nd edition of Profile.
Welcome to the first newsletter of 2009 which highlights the many business successes which are taking place across South Yorkshire.
We were pleased that Yorkshire Forward began the New Year by making available an additional £7 million to support business growth in South Yorkshire in the build-up to the regional Successor Fund in the autumn of 2009. It is hoped the new fund will be worth up to £120 million.
The additional funding provided by Yorkshire Forward will help plug the gap between the current and future Funds to ensure business continues as usual. At a time when banks are becoming more stringent in providing capital for small and medium sized enterprises, it is very important we maintain the momentum and that businesses in South Yorkshire are able to access finance when they need it.
This edition of Profile is packed with a number of features on companies who have benefited from SYIF investments.
Some of the ones highlighted are businesses receiving their first funding package from us, while others are taking up the opportunity for further investment. Both of which are important to the continued regeneration of business growth in the region.
Also, SYIF is pleased to pass on to businesses a further reduction in interest rates and more information about this is included below.
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.
It is very much business as usual and we urge any company within South Yorkshire to speak to us about how we can provide the funds required to assist their growth.
If your company is requiring financial assistance, please give us a ring on 01709 386377 or email us at firstname.lastname@example.org 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).