Finance Yorkshire, the £90m venture capital fund which aims to help small and medium sized enterprises in the region is set to launch on March 12 -enabling companies raise the funding they need alongside investment from the commercial market.
Starting to invest from March 2010, the Fund will provide seedcorn loan and equity investments ranging from £15,000 and £2million, helping businesses across the region to develop and grow.
The Fund has been created using investment from Yorkshire Forward, ERDF from the European Union and the European Investment Bank and for the first time will provide region wide access to finance for all qualifying businesses.
The Fund provides three main products, structured to back eligible businesses through critical stages of growth from start-up through to major expansion:
- Seedcorn Finance
- Business Loans
- Equity Linked Investments
Finance Yorkshire will be working alongside other finance providers such as banks, and other lenders and can help put together a finance package to meet your needs.
For more information, click here