Welcome to the 23rd edition of Profile.
Despite the challenging economic climate we have found ourselves operating in over the past few months, it is not all doom and gloom out there! The work of South Yorkshire Investment Fund has continued and I hope this issue gives you a real flavour of the many business successes that have been achieved across the region so far this year.
We are delighted to announce that in the first three months of 2009, SYIF invested almost £1million in South Yorkshire businesses. In addition, since October 2008 we have assisted a total of 163 businesses and safeguarded 118 jobs which is really encouraging news.
We are looking forward to providing even more funding for businesses as the year progresses. This has been helped by the additional £7 million SYIF received from Yorkshire Forward in January to support business growth in Yorkshire and the Humber. We are continuing to work with Yorkshire Forward and Partnership Investment Finance to develop a £90 million regional fund planned for launch later this year.
This edition of Profile is packed with a number of features on companies who have benefited from SYIF investments.
From the growth of a high specification children’s outdoor clothes specialist in Barnsley to a creative media production company from Sheffield talking the silver screen by storm, SYIF is helping a range of small and medium sized businesses meet the gaps in funding they need for growth and development.
Remember SYIF provide seedcorn, loan and equity linked investments, ranging from £15,000 to £2.5m. 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 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).