More companies in the Sheffield City Region will be able to tap into funding of up to £750,000 after UK Steel Enterprise announced it was expanding its boundaries and the sums it will lend.
The Corus subsidiary, which was set up in the days of British Steel to encourage enterprise in areas hit by steel closures and cutbacks, has focused on Sheffield and Rotherham in the past.
Now, it is taking in Barnsley, Chesterfield, Doncaster and
Worksop and offering equity-based investments of up to £750,000, as well as loans of up to £50,000 for smaller businesses.
Regional manager Keith Williams explained: "We already provide equity and loan funding to businesses based in Sheffield and Rotherham but we have now decided to expand the area to cover the whole of South Yorkshire and Humberside, as well as Chesterfield and Worksop.
"Raising our maximum investment will also help us provide equity based finance in bigger deals which can potentially have greater impact on the local economies in which we operate."
UK Steel Enterprise has aided 2,600 companies and helped to create 58,000 jobs, to date.
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