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Profile Autumn 2009 Newsletter


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Tony Goulbourn, Chief Executive, South Yorkshire Investment Fund

Welcome to the 24th edition of Profile.

We are coming up to a year since the banking crisis gripped the country and started what has been a tough 12 months for many companies.

However, what SYIF has been impressed with is the resilience that many businesses have shown in weathering the storm and our position is that we remain ready to help businesses, where and when we can.

This was one of the messages at a recent meeting involving Yorkshire Forward, South Yorkshire Investment Fund, intermediaries and the financial sector in Sheffield.

Dialogue with everyone involved with business investment is vital, especially during these uncertain times, and more details of what was discussed are highlighted in this newsletter. 

Finding the views of intermediaries has proven important to SYIF over the last few years and we recently completed our latest intermediary survey. This gained opinions on the role of SYIF as well as the availability of finance for SMEs as well as strengthening intermediary understanding of SYIF's successor fund, Finance Yorkshire, which is planned for launch in early 2010.

As normal in this newsletter we highlight the latest seedcorn, business loans and equity linked  investments in local businesses across South Yorkshire.

A significant success story is SYIF’s successful exit from Transtar, SYIF’s first ever equity linked investment made in 2002.   The exit is another great success for SYIF who has invested £60 million (including money with management) in South Yorkshire businesses, helping to create wealth in the region and to safeguard jobs for local people.

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 info@syif.com and we can explain how we can help you.


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).