Profile Newsletter
Summer 2003
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Note from Tony Goulbourn - Chief
Executive of South Yorkshire Investment Fund Ltd
Welcome to the third edition of Profile, which charts the progress of
South Yorkshire Investment Fund over the past three months. As you
know, the Fund enjoys a close relationship with all its partner organisations
and clients and Profile allows us to keep you informed about
the range of services we offer to businesses..........................
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Welcome
South Yorkshire Investment Fund is now well into its second
year and demand from both new and existing business is as strong as ever.
We are now firmly rooted in the business community of South Yorkshire offering
our expertise and experience to company’s in a range of
industries. We have already invested a total of £3.4 million in 51
companies..........................
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Overview
The South Yorkshire Investment Fund has helped a Sheffield manufacturing
company keep ahead of its rivals after winning the support of South Yorkshire
Investment Fund with an unsecured loan of £40,000. The deal is one
of many made by the Fund, which over the past six months has provided additional
investment to companies right across the South
Yorkshire region.........................
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South Yorkshire Microloan launched
for small businesses
Funding targeted at small and medium sized enterprises – offering loans
from just £1k to £500k – is now available through the South
Yorkshire Microloan. Administered and co-ordinated by South Yorkshire Investment
Fund, the fund is a partnership of the four local Enterprise Agencies in
South Yorkshire – Barnsley,
Doncaster, Rotherham and Sheffield.......................
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Barber Harrison & Platt
BARBER HARRISON & PLATT have recently assisted a client to raise £500,000
to
fund its expansion plans - £250,000 to be provided by South Yorkshire
Investment
Fund (SYIF). John Warner from BHP reflects on how they assisted the deal.
The successful fund raising for technology business Timeoutdoors.com
Limited is a good
example of how close relationships between local agencies, intermediaries
and SYIF
can ease the process of obtaining vital investment.......................
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Cutting Technologies gets a slice
of the action
CASE STUDY: CUTTING TECHNOLOGIES LTD IS JUST ONE OF MANY NEW COMPANIES FORMED
WITH THE HELP OF SYIF. INVESTMENT MANAGER JOHN SARRINGTON REPORTS. At SYIF
we are determined to help new and existing companies grow and develop into
sustainable businesses for the benefit of the South Yorkshire
economy. Our focus has always been on small to medium-sized businesses
and our aims remain the same - to be a source of finance for companies who
have
found it difficult to get support from more traditional sources..........................
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Win Win situation for Sheffield
company
A new Sheffield company has benefited from the joint efforts of the Fund
and Business Link South Yorkshire. South Yorkshire Investment Fund and
Business Link South Yorkshire backed Sheffield company Gripple Ltd with
funding which will enable investment
in its subsidiary company Loadhog Ltd.............................
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Full Interest Rebate Offer
Businesses based in Barnsley, Doncaster and Rotherham have welcomed our
new initiative aimed at increasing applications to the Fund through offering
100% rebate of interest payments until March 31, 2004.
If a loan is approved and drawn down now, businesses based in
Barnsley, Doncaster or Rotherham may receive an enhanced interest rebate
of 100% until the end of March 2004 - effectively paying no interest
until March
31, 2004.
The offer is open until February 14th 2004 but to take maximum advantage
businesses should draw down loans and start making payments as soon as
possible as each month that passes will reduce their time in 100% rebate
zone.
After March 2004, the interest rate rebate will revert to the standard
interest rates. The offer, subject to availability and take-up, is also
dependent on the engagement by the client of a non executive director or
mentor, timely repayments and filing of monthly management accounts.
For more information contact our Enquiry Line on 01709 386377
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Yortech Instruments boosted by
Fund
CASE STUDY: INVESTMENT MANAGER MATTHEW MALE WHO ASSISTED ON THE £150,000
DEAL, EXPLAINS WHY THE FUND WAS PREPARED TO INVEST IN THE HIGH-TECH COMPANY.
During the last year we have invested in a diverse range of industries
in the South Yorkshire region. Thanks to our growing knowledge of the
area we have been able to help companies in sectors including manufacturing,
medical and new technology........................
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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
CAPITAL NETWORK
Wednesday 10th September 2003
BARNSLEY JUNIOR CHAMBER
Wednesday 24th September 2003
ENTERPRISE CHALLENGE
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