New investment fund looks to the future

South Yorkshire Investment Fund fund has provided a foundation for the growth of the region's economy, its chief executive has said.

By The Newsroom

Published 29th Apr 2010, 13:21 BST

Updated 29th Apr 2010, 13:21 BST

Tony Goulbourn said the 60m venture capital and loan fund has created and safeguarded more than 9,100 jobs in South Yorkshire since its launch in 2001.

He said that more than 2,500 businesses have received assistance from the fund, which has now closed.

The new Finance Yorkshire fund will take over responsibility to provide seedcorn, loan and equity-linked investments, ranging from 15,000 to 2m.

One of the firms helped by the South Yorkshire Investment Fund was Hydra Mining.

Tony Goulbourn is seen, above, with John Warren, managing director of Hydra Mining, which received a 50,000 loan from SYIF in 2007.

South Yorkshire