More than £68m has been invested in SMEs by regional funding body Finance Yorkshire since August 2010, new figures reveal.
A total of 545 investments have been made in small and medium-sized enterprises in Yorkshire, creating 2,782 jobs and safeguarding 3,826. Some 32 new business have been created and 326 helped, generating £84m in increased turnover and leveraging £109m from the private sector.
Alex McWhirter, chief executive of Finance Yorkshire, said: “These figures are a strong demonstration of the impact and value that we bring to SMEs across the Yorkshire region. In what has been a difficult couple of years, our investments have helped companies grow and maintain their competitive edge, increasing turnover, creating much-needed jobs and fuelling the regional economy.
“I’m confident our investments across a range of sectors will continue in the coming months, particularly with the upturn in the economy and a strong desire among SMEs to seek finance for growth.”
Finance Yorkshire provides seedcorn, loan and equity linked investments, from £15,000 to £2m to help SMEs.