Hundreds attend Finance Yorkshire roadshows
More than 600 business leaders from across Yorkshire and the Humber attended a number of roadshows on the issue of finance for business.
Finance Yorkshire staged the conference events in Sheffield, York, Hull and Leeds throughout March to highlight the funding opportunities available to small and medium businesses.
The £90 million venture capital and loan fund has already made significant investments to support growth proposals from companiethroughout Yorkshire and the Humber.
Alex McWhirter, Chief Executive of Finance Yorkshire, said: “We’ve had an excellent first 18 months, investing over £18million in 190 businesses. This substantial level of investment shows we are in the market place to provide funding for growth companies.
“A number of companies have said there is no provision of finance. I’d have to differ with that view. Finance is available for companies with good growth plans and exhibiting strong potential. My message to companies and tose in the Professional Services sector would be "don’t write off the availability of finance, come and speak with us as early as possible if you are looking for investment into your business.”
At each roadshow a number of businesses, which have received funding support from Finance Yorkshire, provided a detailed case-study of the investment they received.
Northend Creative Print Solutions and Boston Healthcare spoke at the Sheffield event, Cizzle Biotech and VR Software in York, KRL Group and Exquisite Cakes were at Hull, while Badgequo and Ultimate Office Solutions spoke in Leeds.
James Newman, Chairman of Finance Yorkshire, added: “The roadshows have been a great success. We’ve had an excellent attendance at all the events, offering their views on our investment approach and asking useful questions, and we’ve had good feedback as well.”
Finance Yorkshire is now be looking to stage a number of evening events in different locations, including Doncaster, Grimsby, Scarborough and Skipton.
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.
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.
Note: this news article is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire