Profile Newsletter
Summer 2004
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Note from Tony Goulbourn - Chief
Executive of South Yorkshire Investment Fund Ltd
As we head into the summer holidays it’s useful to
take stock of where we are as a region and how South Yorkshire Investment
Fund continues to support business success in South Yorkshire. As you
can see from the articles in the latest edition of Profile, our regular
newsletter, our team of Investment Managers continue
to seek out exciting, innovative and fast-growing companies which will
make a genuine contribution to the region’s economy.............................
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Welcome...
Over the past 2 years South Yorkshire Investment Fund
has established itself as the first port of call for businesses in
the region seeking alternative forms of funding when conventional
sources of finance may not be sufficient or appropriate. To date we
have invested a total of £7.25 million in 93 businesses...........................
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Fund continues
to support business growth in South Yorkshire
As barbecues are lit up across the UK with the onset of summer, South
Yorkshire Investment Fund has caught the season’s mood with a significant
investment in a company specialising in garden furniture...........................
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Sherbet set to
fizz with Microloan
South Yorkshire Microloan fund has been a huge success since its
launch last year with many small businesses in the region benefiting
from the fund’s support.........................
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Grant Thornton:
An Intermediaries View
Grant Thornton, working closely with SYIF, helped Hillsborough based
client Independent Forgings & Alloys Limited raise more than £2m.
Corporate Finance Manager John Longstaff comments..........................
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We buck the
trend with major equity deals in region
For the past two years the northern corporate finance market has been
characterised by a sharp fall in the volume and value of deals being
transacted in the region...........................
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Funds join forces
on social enterprise
Key Fund (South Yorkshire) Ltd and South Yorkshire Investment Fund (SYIF)
have made their first combined loan to a social enterprise. The deal
is the result of the close working partnership between the two investors
which
aim to fund larger financial proposals from South Yorkshire’s social
enterprises.............................
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Angels offer
some divine intervention for entrepreneurs
South Yorkshire entrepreneurs now have access to a wide range of investors
through a unique partnership between the Fund and the region’s business
angels................................
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Mentorbank
scores a century with Syscom
South Yorkshire Investment Fund has scored a century through its Mentorbank
project with the successful placement of its one hundredth mentor in a business.........................
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Quartet
of deal for Fund sees it invest £200k
A recent quartet of deals by South Yorkshire Investment Fund has
seen four of the region’s businesses benefit from a total £200,000 investment.
The four deals mean that SYIF’s Small Business Fund has invested more than £4.7
million in 89 businesses...........................
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Management take
control at £10m Redirack
Management at Rotherham based Redirack Ltd, a specialist storage company,
have acquired the company from parent group Dexion. The deal was financed
by South Yorkshire Investment Fund alongside lead investor Yorkshire Bank, UK
Steel Enterprise and regional development agency
Yorkshire Forward which provided grant assistance............................
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