According to new figures, Finance Yorkshire has invested almost £30m in the regions SME’s over the last two years.
The capital and loan fund estimates that it has leveraged £2 for every £1 invested, also, due tot he fund, they’ve managed to create or safeguard 5,000 jobs.
Chief executive of Finance Yorkshire, Alex McWhirter said “Results so far show that we are making a real impact in Yorkshire and Humber. We are completing an average of ten investments each month. However, there is still a lot of hard work to be done and we will continue to speak to financial intermediaries and businesses about investment opportunities.
“We are fortunate to have so many excellent SMEs in a wide range of industry sectors across Yorkshire and Humber, and the challenge for us is to make sure that we bring together the most appropriate finance package to support those growing companies that are pursuing investable and well managed business ideas.”
“By bringing together the great ideas and a desire to grow with the right financial backing we can help to create a significant impact on the region’s economy.”