News: SYIF invests £2m in South Yorkshire businesses
South Yorkshire Investment Fund (SYIF) has invested almost £2million in the region's businesses during the first six months of 2009.
The venture capital and loan fund, based in Rotherham, provided investments totaling £1,832,819 between January 1 and June 30.
In January, SYIF received an additional £7 million from Yorkshire Forward to support business growth in Yorkshire and the Humber during 2009 before the start of the planned successor fund later this year.
The figures released today by SYIF also highlight how the investments made since January 2009 has helped businesses.
A total of 259 businesses were assisted, creating and safeguarding 502 jobs and creating £132.3million worth of additional sales.
Tony Goulbourn, chief executive of South Yorkshire Investment Fund, said: "The investment figures for 2009 are encouraging and we are looking forward to providing more funding for businesses during the rest of the year.
"We encourage anyone looking to expand their business to get in touch with us.
"As the latest economic output figures show, the investments are crucial to supporting business growth in South Yorkshire. This will create a significant boost to the region's economy."
Rotherham firms to benefit from the fund include Biovision Medical in Dinnington, Connect-IP at Waleswood and Atranova on the Advanced Manufacturing Park.
The venture capital and loan fund, based in Rotherham, provided investments totaling £1,832,819 between January 1 and June 30.
In January, SYIF received an additional £7 million from Yorkshire Forward to support business growth in Yorkshire and the Humber during 2009 before the start of the planned successor fund later this year.
The figures released today by SYIF also highlight how the investments made since January 2009 has helped businesses.
A total of 259 businesses were assisted, creating and safeguarding 502 jobs and creating £132.3million worth of additional sales.
Tony Goulbourn, chief executive of South Yorkshire Investment Fund, said: "The investment figures for 2009 are encouraging and we are looking forward to providing more funding for businesses during the rest of the year.
"We encourage anyone looking to expand their business to get in touch with us.
"As the latest economic output figures show, the investments are crucial to supporting business growth in South Yorkshire. This will create a significant boost to the region's economy."
Rotherham firms to benefit from the fund include Biovision Medical in Dinnington, Connect-IP at Waleswood and Atranova on the Advanced Manufacturing Park.
SYIF website
Rotherham
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