Hundreds benefit from £90m fund

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Finance Yorkshire has invested a £90 million fund into 694 companies in Yorkshire and Humber creating and safeguarding 8,716 jobs and increasing overall turnover by £223 million.

The organisation says it has invested all of its funding ahead of schedule and above performance targets.

Finance Yorkshire is a European JEREMIE (Joint European Resources for Micro to medium Enterprise) backed by the UK Government, European Regional Development Fund and European Investment Bank.

Alex McWhirter, chief executive of Finance Yorkshire, said: “I am delighted we are the first JEREMIE fund to be fully invested in England.

“Despite operating in a challenging economic climate, we have exceeded our performance targets. It’s a success story of which Yorkshire and Humber can be proud.”

James Newman, chairman of Finance Yorkshire, and Sheffield City Region Local Enterprise Partnership said: “This is a significant milestone for everyone associated with the fund. With growth back on the agenda, the impact of this fund cannot be underestimated.”