Finance Yorkshire supports business growth across the region.
Finance Yorkshire’s fund provides flexible investment packages to eligible SMEs based or locating to areas within Yorkshire and Humber with the ambition to expand, create jobs and improve productivity.
There continues to be a significant market demand for SME funding in the region. Finance Yorkshire’s Seedcorn and Growth Fund investments along with large and small Loans help new and growing SMEs to introduce greater levels of innovation, develop new products and target new markets to contribute to increasing the productivity and economic wealth of the region.
Finance Yorkshire’s track record
Finance Yorkshire was established in 2010 to provide gap finance through debt and equity investments to SMEs across Yorkshire and Humber, where the private sector was unwilling or unable to do so. This Joint European Resources for Micro to Medium Enterprises (“JEREMIE”) fund and Extension Fund saw £113 million invested in 500 companies between 2010 and 2017.
Finance Yorkshire’s previous investments created and safeguarded more than 16,000 jobs over seven years (2010-2017), enabling those businesses to increase their turnover by a total of £474m and attract a further £374m from private sector sources. An independant evaluation by a leading economic development specialist stated that Finance Yorkshire “had demonstrated excellent value for money”.
Finance Yorkshire’s fund
Finance Yorkshire’s fund has been created from the combined legacies successfully created by Finance Yorkshire and the South Yorkshire Investment Fund. Finance Yorkshire’s JEREMIE and Extension Funds invested £113 million in more than 500 companies in the region. The South Yorkshire Investment Fund invested £57 million in more than 360 companies in South Yorkshire.
The fund will invest more than £50m over the next five years as Finance Yorkshire continues to realise its investment portfolio from its earlier funds. It is structured to provide SMEs with a range of financial support through Seedcorn and Growth Fund (primarily equity) investments along with large and small Loans.
Our experienced management team and fund managers are well placed to deliver finance where it is needed most.
Finance Yorkshire’s fund complements other SME finance providers in Yorkshire and the Humber, including the Northern Powerhouse Investment Fund (NPIF). Finance Yorkshire’s market analysis shows there is substantial demand in the region for gap funding.
The Fund provides four main products, structured to back businesses through critical stages of growth:
Finance Yorkshire often works alongside other finance providers such as banks, and other lenders and can help put together a finance package to meet your needs.
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