Investment programme raises £5m

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A PROGRAMME aimed at stimulating investment in healthcare technologies in Yorkshire has helped to bring in more than £5 million in private equity deals in just two years and may end up doing even better.

The Investing in Health programme was set up by Regional Development Agency Yorkshire Forward to support the development of the healthcare technologies industry in the region and run by Grant Thornton. With the RDAs being wound down, the programme has been brought to an end.

Since it was launched in February 2009, Investing in Health has helped 100 companies, including 20 from South Yorkshire, and assisted almost 70 individuals to develop skills including mentoring, training and presentation techniques.

Manager Lisa Ward expects the final total for investment generated to be even higher than the £5 million already produced and hopes for an increase in activity by private equity providers in 2011.

She said: “We hope that the programme will leave a lasting legacy for the region through its established investor and peer network.

“Healthcare technology companies face another challenging couple of years ahead and so having a strong network of contacts and support will be crucial to the growth of the sector in the region.”