News: Business figures discuss investment to get region out of recession
Business investment during the recession was the hot topic at a gathering of the region's leading finance providers in Sheffield.
The Pro-Sheffield event, organised and sponsored by South Yorkshire Investment Fund (SYIF), brought together a wide range of companies tasked with providing business support.
This included representatives from Yorkshire Forward, HSBC, Barclays, PKF, Hart Shaw, RBS, Lloyds, Barber Harrison and Platt, Strategic Corporate Finance and SYIF.
The meeting, which was held at the offices of Sheffield-based commercial law firm Nabarro, provided an opportunity for SYIF to meet with intermediaries and fellow finance providers to discuss how businesses are coping with the recession and how they are finding access to funding.
Tony Parsons, director at the Rotherham-based fund, said: "Those who attended the meeting are very close to what is happening in businesses, whether that's a business which is struggling or businesses which are struggling to access finance.
"It is important that SYIF understands what those concerns are and how it can play a role in it. There is no doubt that with all these events, it is about communication and one of the key issues out of the meeting is that we can always improve communication."
SYIF also gained feedback from intermediaries on their thoughts of the pending Successor Fund, which will begin later this year.
SYIF are working with Partnership Investment Finance (PIF) and Yorkshire Forward amd it is hoped that the new fund will be worth up to £120 million and come online in autumn 2009.
The Pro-Sheffield event, organised and sponsored by South Yorkshire Investment Fund (SYIF), brought together a wide range of companies tasked with providing business support.
This included representatives from Yorkshire Forward, HSBC, Barclays, PKF, Hart Shaw, RBS, Lloyds, Barber Harrison and Platt, Strategic Corporate Finance and SYIF.
The meeting, which was held at the offices of Sheffield-based commercial law firm Nabarro, provided an opportunity for SYIF to meet with intermediaries and fellow finance providers to discuss how businesses are coping with the recession and how they are finding access to funding.
Tony Parsons, director at the Rotherham-based fund, said: "Those who attended the meeting are very close to what is happening in businesses, whether that's a business which is struggling or businesses which are struggling to access finance.
"It is important that SYIF understands what those concerns are and how it can play a role in it. There is no doubt that with all these events, it is about communication and one of the key issues out of the meeting is that we can always improve communication."
SYIF also gained feedback from intermediaries on their thoughts of the pending Successor Fund, which will begin later this year.
SYIF are working with Partnership Investment Finance (PIF) and Yorkshire Forward amd it is hoped that the new fund will be worth up to £120 million and come online in autumn 2009.
SYIF website
Pro-Sheffield website
RotherhamImages: syif.com
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