Profile Newsletter Spring 2003
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Welcome
As South Yorkshire Investment Fund celebrates its first anniversary there is much to reflect on and much to look forward to. Since we set up office last year we have invested a total of £2.3m in more than 35 companies operating in a diverse and exciting range of industries. The team at SYIF have worked hard at sourcing new investment opportunities and we have substantially grown our network of contacts in the region.........................
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Overview
Philip Drury Medical Technologies has been given a £50,000 unsecured loan from SYIF which will help it develop its business further. The deal is one made by the Fund, which over the past six months, has become the main investor in the region bridging the "funding gap" for smaller businesses. Based at the Globe Business Centre on Penistone Road, the business was formed by Dr Philip Drury seven years ago. The firm is a regulatory affairs consultancy offering a range of services to medical companies........................
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Bartec Auto on the road to success
CASE STUDY: BARTEC AUTO ID IS ONE OF SEVERAL COMPANIES TO HAVE BENEFITED FROM A LOAN FROM SYIF. INVESTMENT MANAGER ANDREW CHAFFER REPORTS. To outsiders SYIF’s unsecured loans to small, growing businesses might look small fry when compared against the major deals done by the banks. But these investments underpin what SYIF is all about – supporting ambitious entrepreneurs who can demonstrate their ability to grow their businesses beyond their current available funding limits......................
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Hawsons
HAWSONS CHARTERED ACCOUNTANTS HAVE ASSISTED CLIENTS TO SUCCESSFULLY RAISE FUNDING IN EXCESS OF £700,000 FROM SOUTH YORKSHIRE INVESTMENT FUND. Through working with South Yorkshire Investment Fund, Hawsons have helped a number of clients to raise valuable growth finance where alternative sources were unavailable. This has been to the mutual benefit of all parties.......................
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Boost for Atomising Systems
CASE STUDY: INVESTMENT MANAGER ALLAN WOOD RECENTLY ADVISED ON THE FUND’S £100,000 BACKING OF ATOMISING SYSTEMS LTD. HERE HE REFLECTS ON THE DEAL. Readers of the financial pages will have grown accustomed to articles about major multi-million pound private equity investments. These deals usually involve a venture capital firm taking a significant equity stake in a business in exchange for a cash investment. Here at the Fund we deal in rather more modest sums but no less significant for that.........................
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Coiled for growth
The Fund seeks to encourage new and established businesses in their efforts to bring further prosperity to South Yorkshire. One such company is Turton Springs, which supplies some of the biggest names in the automotive world including Aston Martin, Lotus and Rolls Royce. Turton Springs which has had a presence in Sheffield for more than 100 years, has been backed by the Fund with a £100k investment............................
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SYIF back £1m deal
Televideo Ltd, the Sheffield-based television production company, has acquired Leeds-based CBF Media in a £1m-deal deal backed by SYIF. The deal will bring together two companies to provide television production facilities and outside broadcast services for many of UK’s top sporting events. Paul Scivill, Managing Director of Televideo said the deal creates one of the largest independent outside broadcast provider in the North of England, with a combined turnover of more than £5m.......................
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Me and My Mentor
Running a company on your own can be a lonely business and directors often have no one they can confide in, discuss their worries and plans for the business. That is why the Fund always seeks to introduce a mentor to the businesses it invests in through its Mentorbank initiative. Mentors provide specialist professional support and are drawn from a wide range of experienced businessmen and women. When the Fund recently backed the buyout of Sheffield-based AWV Turner with a £40,000 loan, it introduced Derek Nice to the company as a mentor. AWV Turner supplies consumables to the engineering and manufacturing industries including the supply of lubricants, hand and power tools, abrasives and hygiene and specialist banding products.......................
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FAQs
Investment Manager Nigel Feirn answers some of the questions we often receive from businesses seeking investment from the Fund.
What types of funding are available from South Yorkshire Investment Fund?
What is an SME ?
What sorts of businesses are eligible for funding?
What does the Fund look for in a business?
What kinds of projects are eligible for funding?
How should I submit my application?
What happens next?
Loans – how do they work?
Loans £15k to £150k:
Loans up to £500k (equity linked packages):
Equity investments – how do they work?
How else does SYIF help businesses?
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Events
BARNSLEY CHAMBER OF COMMERCE – SMALL BUSINESS CLUB
CAPITAL NETWORK
ENTERPRISE CHALLENGE
I’VE GOT A GREAT IDEA. WHERE DO I GO TO GET MONEY?
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