Finance Yorkshire reveals investment record
FINANCE Yorkshire has invested almost £30m in the region’s SMEs in the last two years, according to new figures.
The venture capital and loan fund estimates it has leveraged more than £2 for every £1 invested with more than 5,000 jobs created or safeguarded.
Alex McWhirter, chief executive of Finance Yorkshire, said: “Results so far show that we are making a real impact in Yorkshire and Humber. We are completing an average of ten investments each month. However, there is still a lot of hard work to be done and we will continue to speak to financial intermediaries and businesses about investment opportunities.
“We are fortunate to have so many excellent SMEs in a wide range of industry sectors across Yorkshire and Humber, and the challenge for us is to make sure that we bring together the most appropriate finance package to support those growing companies that are pursuing investable and well managed business ideas.
“By bringing together the great ideas and a desire to grow with the right financial backing we can help to create a significant impact on the region’s economy.”
Finance Yorkshire was launched in August 2010 with a £90 fund made up of finance from the European Regional Development Fund, Yorkshire Forward and the European Investment Bank.
