Wednesday, July 23, 2008

News: SYIF announce £4m interim fund


The South Yorkshire Investment Fund (SYIF) is set to continue investing in regional businesses after Yorkshire Forward announced a £4 million interim fund. The funding ensures it can continue to invest until the end of 2008 while plans for the Successor Fund, set to launch next year, are finalised. Tony Goulbourn, chief executive of SYIF, said: "We are delighted that, Yorkshire Forward are investing extra £4 million to South Yorkshire. "The additional funding means that we now have just under £10 million to invest until the end of the year so the message to intermediaries and businesses in this region is get in touch because we are actively looking for applicants." SYIF will be holding breakfast events in early September to update partners and intermediaries on the Funds progress and the latest plans for the Successor Fund. Details of the events will be announced nearer the time. SYIF can provide seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.


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