…to the autumn edition of Inspire.
I’m delighted to report that Finance Yorkshire has now invested over £80 million in SMEs across Yorkshire and the Humber. Not only that, a strong pipeline of new and follow-on investment opportunities for the final quarter of 2014 will ensure that our £90m fund will be fully invested by the end of the year.
Since its launch in 2010, Finance Yorkshire has invested its funds to allow companies in Yorkshire and Humber realise their ambitions and aspirations. And with that we have seen the impact through a number of benefits and outputs across the region. Our investments have enabled companies to expand, increase their product range, enter new markets, create employment and increase turnover and profitability.
This is a significant achievement and the figures speak for themselves: more than 640 investments in businesses, creating and safeguarding 7,877 jobs and increasing collective turnover by £215m.
In a climate of economic uncertainty it is vital that Finance Yorkshire continues to support SMEs across the region which otherwise may find it difficult to access crucial funding via the more traditional routes. Consequently, we are working with our stakeholder organisations to ensure that there is continuity of business investment in Yorkshire and the Humber during 2015 and in the future.
Finally, it should be acknowledged that we have only been able to deliver the £90m fund thanks to the huge energy, experience, enthusiasm and professionalism of the whole Finance Yorkshire team.