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Forward-thinking AGBP4m investment.
(From The Star (Sheffield))
Byline: Bob Rae
The regional development agency is pumping AGBP4 million into South Yorkshire Investment Fund to allow it to keep investing in local business until the end of the year.The Fund a" set up to bridge the gap between the money commercial lenders like banks are prepared to put up and the expansion cash local businesses need a" has become a victim of its own success.So many good investment prospects have come forward that the cash originally provided by the Objective 1 regeneration programme, the government and the private sector has almost been used up.Even a recently launched "seedcorn fund," designed to test the demand for finance for new businesses, has dried up after being flooded with interest.Hopes are high that a successor fund will be launched next year, with backing from European Union transitional funding, designed to cushion the ...
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