Finance Yorkshire investments pass £20m-mark
Finance Yorkshire has invested more than £23million across Yorkshire, the Humber and North and North East Lincolnshire.
The figure amounts to 224 investments in 183 small and medium sized enterprises since August 2010, leading to more than 4,600 jobs created and safeguarded in the region.
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m, to help a range of small and medium sized businesses to meet their funding requirements for growth and development.
In the last quarter alone, the venture capital and loan fund completed 30 investments totaling more than £4.3 million.
Sheffield-based Blake UK, which manufactures antennas and installation equipment for TV, radio and satellite broadcast reception, secured a business loan of £50,000 to purchase new stock to meet demand.
Surecore Ltd, a semiconductor IP company in Leeds, received an investment from the Seedcorn Fund and in Barnsley, Rivieramultimedia, which supplies a wide range of blank CDs and DVDs for duplication requirement, received a £35,000 business loan for working capital.
Finance Yorkshire worked with UK Steel Enterprise (UKSE) to put together a joint funding package for North Anston-based Approved Food and Drink Ltd.
Alex McWhirter, chief executive of Finance Yorkshire, said: “These are some great results and we are looking forward to building on these figures and helping more companies and employees achieve growth in the coming months.
“We urge established and early stage companies and their professional advisers to continue to speak to us to see if Finance Yorkshire can help turn their ambitions into a reality.”
Finance Yorkshire is supported financially by the European Union. It has attracted £30million investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, £15million from Yorkshire Forward’s Single Programme, and £45million match funding from the European Investment Bank.
For more information about Finance Yorkshire, please visit www.finance-yorkshire.com or ring 0845 649 0000.
Note: this news article is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire