News: SYIF funds in place to help local businesses

With £9.7m of interim funding secured, The South Yorkshire Investment Fund (SYIF) is in a position to continue supporting local businesses. SYIF was established in 2001 and has invested almost £50 million in South Yorkshire businesses (including money with management), created and safeguard 8,000 jobs and helped to generate more than £425 million worth of additional sales. Last month, SYIF completed its 500th investment. SYIF is working with another regional fund called PIF in developing a much larger, regional Venture Capital and Loan Fund to provide loans of £200k-£2m to small to medium sized enterprises. Tony Goulbourn, chief executive of SYIF said: "It is very much business as usual as we begin 2009 and we urge any company within South Yorkshire to speak to us about how we can provide the funds required to assist their growth. "We will continue to work closely with the financial intermediaries in South Yorkshire to help make the Fund available to as many businesses as possible whilst continuing to maintain rigorous investment criteria in these difficult economic times."

SYIF website

Rotherham