News: Finance Yorkshire pass £40m mark
Finance Yorkshire has taken to the streets to get the message out that funding is still available for growth.
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.
More than 500 business leaders from Yorkshire and the Humber attended recent Finance Yorkshire organised events in Leeds, York, Hull and Sheffield.
Since being launched in August 2010, Finance Yorkshire has made more than 350 investments, with a total value of £41m, in businesses across Yorkshire, the Humber and north and north east Lincolnshire. This has safeguarded and created 6,200 jobs and generated a private sector leverage of £79m.
Alex McWhirter, chief executive at Finance Yorkshire (pictured above), said: "The Roadshows illustrated through case studies that there is funding available for viable businesses to develop growth plans. Plenty has been achieved so far, but there is still a lot of hard work ahead.
"This year attendees had the chance to learn about the economic strategies from their respective Local Enterprise Partnerships (LEPs). Working together, Finance Yorkshire and the LEPs can improve prosperity and generate employment throughout the region.
"These annual events are always popular with financial intermediaries and we look forward to next year where we will have even more investee companies report their successes."
Each event provided attendees with area specific information on accessing finance and allowed local businesses, which have had Finance Yorkshire investment, to report their development and the benefits of the funding.
Innovative Rotherham company, Xeros, outlined their experience of the fund. The Leeds University spin-out, based on the Advanced Manufacturing Park (AMP), has developed a patented system using a unique method of special polymer beads rather than the usual large amounts of fresh water to clean clothes. Funding has been secured to commercialise the system.
Finance Yorkshire website
Xeros website
Images: Finance Yorkshire
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.
More than 500 business leaders from Yorkshire and the Humber attended recent Finance Yorkshire organised events in Leeds, York, Hull and Sheffield.
Since being launched in August 2010, Finance Yorkshire has made more than 350 investments, with a total value of £41m, in businesses across Yorkshire, the Humber and north and north east Lincolnshire. This has safeguarded and created 6,200 jobs and generated a private sector leverage of £79m.
Alex McWhirter, chief executive at Finance Yorkshire (pictured above), said: "The Roadshows illustrated through case studies that there is funding available for viable businesses to develop growth plans. Plenty has been achieved so far, but there is still a lot of hard work ahead.
"This year attendees had the chance to learn about the economic strategies from their respective Local Enterprise Partnerships (LEPs). Working together, Finance Yorkshire and the LEPs can improve prosperity and generate employment throughout the region.
"These annual events are always popular with financial intermediaries and we look forward to next year where we will have even more investee companies report their successes."
Each event provided attendees with area specific information on accessing finance and allowed local businesses, which have had Finance Yorkshire investment, to report their development and the benefits of the funding.
Innovative Rotherham company, Xeros, outlined their experience of the fund. The Leeds University spin-out, based on the Advanced Manufacturing Park (AMP), has developed a patented system using a unique method of special polymer beads rather than the usual large amounts of fresh water to clean clothes. Funding has been secured to commercialise the system.
Finance Yorkshire website
Xeros website
Images: Finance Yorkshire
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