Finance Yorkshire’s excellent track record for supporting SME growth across Yorkshire and Humber is continuing apace in 2016.
Finance Yorkshire has now invested more than £105 million in companies operating in a wide range of sectors, enabling them to grow significantly and create wealth and jobs in the region.
Companies that the Fund has invested in have increased their combined turnover by £377 million and attracted a further £273 million from other private sector sources. Through this activity, Finance Yorkshire investment has helped those SMEs to create and safeguard more than 12,000 jobs in Yorkshire and Humber.
This is a fantastic achievement but we have more work to do. We are continuing to invest in companies with a strong business achievement track record, that possess an ambition to achieve further growth in addition to investing in those companies with innovative and ground-breaking ideas that have the potential and aspiration to become major players in their markets.
This issue of Inspire illustrates the breadth and impact of Finance Yorkshire’s investments from our Seedcorn, Business Loan and Equity Linked funds. Grimsby-based Fast-Form Systems is enjoying growth in the UK but is seeking international expansion while Enjays Pancakes in Leeds goes from strength to strength, forecasting considerable growth in the next 12 months.
Innovative businesses like Sheffield-based AME Group are also among those benefiting from our investment. AME is creating jobs as a successful prototype designer and manufacturer that develops and tests products for some of the country’s best known consumer brands.
Finance Yorkshire is committed to supporting more businesses like these and look forward to building on our investment success which has delivered business growth, created jobs and contributed to an improving economy in Yorkshire and Humber.