Tuesday, July 31, 2012

News: Finance Yorkshire pass £20m mark


Finance Yorkshire has invested more than £23m across Yorkshire, the Humber and North and North East Lincolnshire.

The figure amounts to 224 investments in 183 small and medium sized enterprises since August 2010, leading to more than 4,600 jobs created and safeguarded in the region.

Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m. It has attracted £30m investment from the European Regional Development Fund (ERDF), £15m from Yorkshire Forward's Single Programme, and £45m match funding from the European Investment Bank.

In the last quarter alone, the venture capital and loan fund completed 30 investments totaling more than £4.3m.

Alex McWhirter, chief executive of Finance Yorkshire, said: "These are some great results and we are looking forward to building on these figures and helping more companies and employees achieve growth in the coming months.

"We urge established and early stage companies and their professional advisers to continue to speak to us to see if Finance Yorkshire can help turn their ambitions into a reality."

A number of Rotherham companies have secured funding through Finance Yorkshire, enabling them to grow and create more local jobs. Companies include; online discount food and drink retailer, Approved Food; S3 ID, the UK's market-leading provider of innovative location awareness solutions; Industrial Battery & Charger Services Ltd (IBCS); clean technology company, Sterecycle; Labfacility, a leading manufacturer of temperature sensors for industry; and Xeros Limited, an innovative company developing a virtually waterless washing machine.

Finance Yorkshire website


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