South Yorkshire Investment Fund has made its 500th investment in local business. The Fund completed the milestone with a £300,000 equity linked investment in Web Marketing Group. A further investment of £200,000 will follow this month. Internet marketing experts Web Marketing Group (
http://www.webmarketinggroup.co.uk/) specialise in getting more traffic through company websites. It works with 800 businesses around the country to increase search traffic through link-building, copy-writing and website design. Web Marketing Group will use the funding from SYIF to open a new regional base in South Yorkshire, adding to the sites it already has in Harrogate and Peterborough. The business, which was established in 2000, has enjoyed rapid growth. Dennis Engel, founder and managing director of Web Marketing Group, said: "The region is a good place to invest in, with a highly skilled population and a large catchment area. It therefore filled our objectives as a company. "Gaining access to SYIF funding was also an attractive proposition to us and we will now look to use the money to bring in up to 20 new employees from within the local area to service the new office in South Yorkshire once it opens." Tony Goulbourn, chief executive of South Yorkshire Investment Fund, said: "The investment in Web Marketing Group is an example of how the Fund can play a key role in the region's economy. "By attracting companies to South Yorkshire, it not only helps provide new employment opportunities for local people, but increases the services available to support the development of businesses in the area." At present SYIF is working closely with Yorkshire Forward and Partnership Investment Finance (PIF) to develop plans for a Regional Successor Fund, which it is anticipated will start investing by autumn of 2009.
South Yorkshire Investment Fund has made its 500th investment in local business. The Fund completed the milestone with a £300,000 equity linked investment in Web Marketing Group. A further investment of £200,000 will follow this month. Internet marketing experts Web Marketing Group (http://www.webmarketinggroup.co.uk/) specialise in getting more traffic through company websites. It works with 800 businesses around the country to increase search traffic through link-building, copy-writing and website design. Web Marketing Group will use the funding from SYIF to open a new regional base in South Yorkshire, adding to the sites it already has in Harrogate and Peterborough. The business, which was established in 2000, has enjoyed rapid growth. Dennis Engel, founder and managing director of Web Marketing Group, said: "The region is a good place to invest in, with a highly skilled population and a large catchment area. It therefore filled our objectives as a company. "Gaining access to SYIF funding was also an attractive proposition to us and we will now look to use the money to bring in up to 20 new employees from within the local area to service the new office in South Yorkshire once it opens." Tony Goulbourn, chief executive of South Yorkshire Investment Fund, said: "The investment in Web Marketing Group is an example of how the Fund can play a key role in the region's economy. "By attracting companies to South Yorkshire, it not only helps provide new employment opportunities for local people, but increases the services available to support the development of businesses in the area." At present SYIF is working closely with Yorkshire Forward and Partnership Investment Finance (PIF) to develop plans for a Regional Successor Fund, which it is anticipated will start investing by autumn of 2009.
Rotherham
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