Post on 31-Dec-2015
description
Finance YorkshireBackground
www.finance-yorkshire.com
• Commercial fund providing funding to SMEs based in Yorkshire and the Humber
• Builds on the previous SYIF and PIF Funds• Can also support inward investors to the region• £90m to invest over the next 4 years • Funding is available for viable situations where there is a gap in
the projects funding requirement• Does not compete with the funds available from the
commercial marketplace
Finance Yorkshire
£90m investment capital£
30m European Regional Development Fund
£15m Yorkshire Forward – Capital
£45m European Investment Bank
£10m Yorkshire Forward – Revenue
www.finance-yorkshire.com
Finance YorkshireThe approach
Working alongside the commercial market;
• Maintaining and developing relationships with financial intermediaries to promote awareness and dealflow
• Market making effect, making deals happen by spreading the risk with other investors and lenders
• Co-investing with other funds
www.finance-yorkshire.com
Finance Yorkshire Applications and Investments
• 483 progressed to application stage
• 130 investments totalling £12.5 million
www.finance-yorkshire.com
Finance Yorkshire Three portfolios
• Seedcorn Finance (up to £780k) £15m
• Business Loans (£15k – 150k) £27m
• Equity Linked Finance (£100k - £2m) £48m
www.finance-yorkshire.com
Finance YorkshireSustainability and legacy
www.finance-yorkshire.com
• Legacy fund to be invested in region’s businesses in line with original objectives
• To be utilised after 2019
• Eventually aggregated with PIF and SYIF legacies
Finance Yorkshire Customers
• SME’s paying business rates in Yorkshire and the Humber or relocating to the region
• A new start or growing business
• A business with growth potential
• A business unable to source its full funding requirement from the commercial market
www.finance-yorkshire.com
Seedcorn Finance Investment type
www.finance-yorkshire.com
• Starting low £15-£100k sometimes
• Investments up to £780k
• Investments of £2m+ when syndicating with other funds
• Fast (4 yr fund)
– Self sustainable companies in 2-3 yrs
– Exit in 3-5 yrs
Seedcorn Finance Target investments
www.finance-yorkshire.com
• Pre-revenue or early-revenue
• “Huge” market opportunity
• Competitor barriers at exit
– Patents, Data lock-in, Approvals etc.
• Management open to “change and growth”
Business Loans Products
www.finance-yorkshire.com
• Fixed rate loans between £15,000 - £150,000
• Terms up to 5 years
• Interest rate rebates available
• Financial packaging with other forms of debt finance including the Enterprise Finance Guarantee
Business Loans Types of deals
www.finance-yorkshire.com
Financial Gaps
• Working Capital
• Innovation Project with rapid growth
• Asset Based Lending (property and fixed assets)
• Import and Export
Equity Linked Finance Objectives
www.finance-yorkshire.com
• Some start ups, largely growth, development capital or expansion
• £100k - £1m in equity and mezzanine instruments
• Joint equity linked packages up to £2m
• Eligibility
• Value growth and exit planning (within 5 years)
Equity Linked Finance Our approach
www.finance-yorkshire.com
• Business plan – full commercial assessment
• Approach – pre- rigorous, post- supportive
• Objectives – quality deals, generating legacy returns
Finance Yorkshire Making an Application
www.finance-yorkshire.com
• Call us to make sure it’s eligible 0845 649 0000 or make enquiry via website www.finance-yorkshire.com
• Get the applicant to complete the Application Form (download from www.finance-yorkshire.com)
• Send the completed Application Form & the supporting information to Finance Yorkshire
Finance Yorkshire
www.finance-yorkshire.com
Finance Yorkshire Ltd is a company limited by guarantee (Registered No 07075478). Finance Yorkshire Ltd (0845 649 0000) comprises three sub funds, Finance Yorkshire Equity Fund, which is managed by NorthStar Equity Investors Ltd and NEL Fund Managers Ltd,Finance Yorkshire Small Loans Fund, which is managed by Finance South Yorkshire Ltd and Finance Yorkshire Seedcorn Fund, which is managed by Enterprise Ventures Limited. Each of these Fund Managers is authorised and regulated by the Financial Services Authority.