Food for thought in £23m investment

Investing in the future: From the left, Approved Foods' proprietor Dan  Cluderay, Keith Williams from UKSE, Approved Foods' Andy Needham, Ian Howson from Finance Yorkshire and Patrick Abel, from accountants and business advisers PKF.
Investing in the future: From the left, Approved Foods' proprietor Dan Cluderay, Keith Williams from UKSE, Approved Foods' Andy Needham, Ian Howson from Finance Yorkshire and Patrick Abel, from accountants and business advisers PKF.
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Finance Yorkshire is urging more companies to seek its support for their ambitious growth plans as it reveals that three South Yorkshire deals have helped it to past a major investment milestone.

The organisation, which invests in businesses based in or moving to Yorkshire, the Humber and the north of Lincolnshire, says it has now invested more than a quarter of its £90 million fund, aiding more than 180 companies and helping to create or safeguard 4,600 jobs.

Investments in Sheffield, Barnsley and North Anston pushed the total investment over the last two years to £23 million. Finance Yorkshire has lent Sheffield-based Blake UK £50,000 to help the company, which makes antennas and equipment that receives TV, radio and satellite broadcasts, to meet increased demand.

The organisation has lent a further £35,000 to Rivieramultimedia in Barnsley, which distributes a wide range of blank CDs, DVDs and ancillary products and offers comprehensive CD and DVD duplication and replication services, including colour printing on discs and producing inserts and booklets for disc cases.

It has also worked with UK Steel Enterprise to create a joint funding package for North Anston-based Approved Food and Drink who are the United Kingdom’s biggest online sellers of clearance, short-dated and out-of- date approved food and drink.

Finance Yorkshire’s chief executive, Alex McWhirter, said: “These are some great results and we are looking forward to building on these figures and helping more companies and employees achieve growth in the coming months.

“We urge established and early stage companies and their professional advisers to continue to speak to us to see if Finance Yorkshire can help turn their ambitions into a reality.”

Finance Yorkshire has attracted £30million investment from the European Regional Development Fund, in addition to £15million from now defunct regional development agency Yorkshire Forward’s Single Programme, and £45million from the European Investment Bank.