South Yorkshire Investment Fund
December 29, 2009 by Michael
The South Yorkshire Investment Fund is helping businesses in the region.
SYIF operate a Mentorbank scheme, which gives access to business mentoring and management support for participants. They offer support to small and medium sized firms. The Investment Fund offers what they describe as ‘seedcorn finance’, equity-linked investments and business loans. Financial support ranges from £15,000 to £2.5 million.
A printing company in Rotherham, Wright Printing Services, has just received £500,000, the first part of an investment programme to develop their business. The company has 60 employees and believe they are in a good position to capitalise as things improve.
The first part of the investment will go into updating the company’s reprographics equipment. They will install a new CTP device early in 2010. Managing director Ian Wright said:
“The company is currently working on plans to improve its reprographics systems, to ensure the technology and capacity are in place to support the anticipated growth in revenue planned over the next few years”
WPS offers print management and brokerage in its business mix. As well as leaflets, flyers and brochures it produces stationery and continuous business forms. The company has an annual turnover of £5.5 million and has a strong management team. The investment manager at SYIF, Mr. Paul Betts said:
“The cash injection demonstrated the fund’s confidence in the management team and the company’s ability to grow the business”.
So, it looks like a good year ahead for WPS. This is good news for the company and the South Yorkshire region, in such challenging economic circumstances.